Sabre Corp. (SABR) Lowered to Strong Sell at Zacks Investment Research
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. “
SABR has been the topic of a number of other research reports. Morgan Stanley reissued a buy rating and issued a $38.00 target price on shares of Sabre Corp. in a report on Monday, September 12th. Evercore ISI reissued a buy rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group restated a buy rating and issued a $33.00 price target on shares of Sabre Corp. in a research note on Tuesday, June 21st. KeyCorp dropped their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an overweight rating on the stock in a research note on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. dropped their price target on shares of Sabre Corp. from $34.00 to $32.00 and set an outperform rating on the stock in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $34.20.
Sabre Corp. (NASDAQ:SABR) traded up 0.091% during midday trading on Tuesday, reaching $27.525. The company had a trading volume of 363,789 shares. The company’s 50 day moving average is $27.77 and its 200-day moving average is $27.99. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.46. The company has a market capitalization of $7.65 billion, a P/E ratio of 16.040 and a beta of 0.87.
Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The firm had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. During the same quarter last year, the company posted $0.27 earnings per share. Sabre Corp.’s revenue was up 19.5% on a year-over-year basis. Equities analysts expect that Sabre Corp. will post $1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Monday, September 19th. Sabre Corp.’s dividend payout ratio is 30.41%.
In other Sabre Corp. news, Vice Chairman Gregory T. Webb sold 105,088 shares of Sabre Corp. stock in a transaction on Monday, September 26th. The shares were sold at an average price of $27.07, for a total transaction of $2,844,732.16. Following the completion of the sale, the insider now owns 85,354 shares of the company’s stock, valued at approximately $2,310,532.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah Kerr sold 45,000 shares of Sabre Corp. stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $29.28, for a total transaction of $1,317,600.00. Following the sale, the insider now directly owns 163,885 shares of the company’s stock, 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 corporate insiders.
Several large investors have recently modified their holdings of SABR. IFP Advisors Inc raised its stake in shares of 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 period. FineMark National Bank & Trust raised its stake in shares of 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 period. American International Group Inc. raised its stake in shares of 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 period. LS Investment Advisors LLC raised its stake in shares of 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 period. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Sabre Corp. during the first quarter worth about $162,000.
About Sabre Corp.
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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