Shares of Sabre Corp (NASDAQ:SABR) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.57.
SABR has been the subject of several recent research reports. William Blair cut shares of Sabre from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Goldman Sachs Group reiterated a “buy” rating and set a $21.50 target price on shares of Infineon Technologies in a research report on Wednesday, June 19th. Bank of America reiterated a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Finally, Mizuho initiated coverage on shares of Sabre in a research report on Thursday, June 6th. They set a “buy” rating and a $25.00 target price for the company.
In related news, insider Richard A. Simonson sold 6,047 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $22.17, for a total value of $134,061.99. Following the completion of the transaction, the insider now directly owns 286,503 shares of the company’s stock, valued at approximately $6,351,771.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Shirk sold 10,365 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $22.88, for a total transaction of $237,151.20. Following the completion of the transaction, the insider now directly owns 100,075 shares of the company’s stock, valued at $2,289,716. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. PRW Wealth Management LLC acquired a new position in shares of Sabre during the 4th quarter worth about $28,000. Investors Research Corp acquired a new stake in Sabre in the 1st quarter valued at about $30,000. Shine Investment Advisory Services Inc. acquired a new stake in Sabre in the 1st quarter valued at about $32,000. Semmax Financial Advisors Inc. acquired a new stake in Sabre in the 4th quarter valued at about $35,000. Finally, Aspire Private Capital LLC acquired a new stake in Sabre in the 4th quarter valued at about $60,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
NASDAQ SABR traded up $0.02 during trading on Friday, reaching $23.06. 29,654 shares of the company traded hands, compared to its average volume of 2,221,738. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day moving average price of $22.27. The firm has a market capitalization of $6.33 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 6.39 and a beta of 0.76. Sabre has a 1-year low of $19.41 and a 1-year high of $26.78.
Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Sabre had a return on equity of 39.46% and a net margin of 7.80%. Sabre’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts forecast that Sabre will post 0.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, June 20th. Sabre’s dividend payout ratio is currently 39.44%.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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