Zacks Investment Research lowered shares of Sabre Corporation (NASDAQ:SABR) from a buy rating to a sell rating in a research report released on Wednesday, August 9th.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
Several other analysts also recently issued reports on the company. Bank of America Corporation downgraded Sabre Corporation from a neutral rating to an underperform rating and reduced their price target for the company from $24.00 to $18.00 in a research note on Monday, August 7th. BidaskClub downgraded Sabre Corporation from a sell rating to a strong sell rating in a research note on Saturday, July 8th. Deutsche Bank AG boosted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, May 3rd. TheStreet upgraded Sabre Corporation from a c rating to a b- rating in a research note on Monday, April 17th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and issued a $24.00 price target (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $25.11.
Sabre Corporation (NASDAQ:SABR) traded down 1.25% during mid-day trading on Wednesday, reaching $17.40. The company’s stock had a trading volume of 3,159,380 shares. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 36.71 and a beta of 0.71. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $29.45. The stock’s 50 day moving average is $20.54 and its 200 day moving average is $22.01.
Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. Equities research analysts predict that Sabre Corporation will post $1.36 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be issued a $0.14 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.22%. Sabre Corporation’s dividend payout ratio is presently 116.67%.
In other news, insider Hugh W. Jones sold 36,100 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the transaction, the insider now owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Judson Wade Jones sold 3,822 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of SABR. Creative Planning boosted its position in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock worth $107,000 after buying an additional 232 shares during the period. Toronto Dominion Bank boosted its position in Sabre Corporation by 2.1% in the second quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock worth $272,000 after buying an additional 254 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Sabre Corporation by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,646 shares of the information technology services provider’s stock worth $671,000 after buying an additional 291 shares during the period. Finally, Princeton Alpha Management LP boosted its position in Sabre Corporation by 2.8% in the first quarter. Princeton Alpha Management LP now owns 12,311 shares of the information technology services provider’s stock worth $261,000 after buying an additional 336 shares during the period.
Sabre Corporation Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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