Sabre Corp.’s (SABR) Buy Rating Reaffirmed at Goldman Sachs Group Inc.
Several other equities research analysts have also issued reports on the stock. KeyCorp decreased their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an overweight rating on the stock in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Sabre Corp. from a hold rating to a strong sell rating in a report on Tuesday. Jefferies Group reaffirmed a buy rating and set a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Evercore ISI reaffirmed a buy rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Morgan Stanley reaffirmed a buy rating and set a $38.00 price target on shares of Sabre Corp. in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Sabre Corp. has a consensus rating of Buy and an average target price of $34.20.
Shares of Sabre Corp. (NASDAQ:SABR) traded up 0.11% during trading on Tuesday, reaching $27.53. 365,097 shares of the company traded hands. The company has a 50 day moving average price of $27.77 and a 200 day moving average price of $27.99. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 16.04 and a beta of 0.87. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.45.
Sabre Corp. (NASDAQ:SABR) last released its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $845.20 million for the quarter, compared to analyst estimates of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, equities analysts predict that Sabre Corp. will post $1.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. Sabre Corp.’s dividend payout ratio (DPR) is currently 30.41%.
In other news, CEO Thomas Klein sold 198,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $26.96, for a total value of $5,338,080.00. Following the transaction, the chief executive officer now owns 363,018 shares in the company, valued at approximately $9,786,965.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah Kerr sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $29.28, for a total transaction of $1,317,600.00. Following the completion of the transaction, the insider now owns 163,885 shares in the company, valued at approximately $4,798,552.80. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SABR. IFP Advisors Inc increased its position in Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock worth $106,000 after buying an additional 1,305 shares during the last quarter. FineMark National Bank & Trust increased its position in Sabre Corp. by 64.7% in the second quarter. FineMark National Bank & Trust now owns 5,096 shares of the company’s stock worth $137,000 after buying an additional 2,001 shares during the last quarter. American International Group Inc. increased its position in Sabre Corp. by 51.6% in the second quarter. American International Group Inc. now owns 5,107 shares of the company’s stock worth $137,000 after buying an additional 1,738 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in Sabre Corp. during the first quarter worth about $162,000. Finally, LS Investment Advisors LLC increased its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the last quarter.
Sabre Corp. Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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