Sabre Corporation (SABR) Rating Lowered to C at TheStreet
Sabre Corporation (NASDAQ:SABR) was downgraded by TheStreet from a “b” rating to a “c” rating in a research note issued on Tuesday.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Sabre Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 13th. Morgan Stanley downgraded Sabre Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $26.00 to $24.00 in a research report on Thursday, April 6th. BidaskClub downgraded Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Deutsche Bank AG raised their price target on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $24.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Sabre Corporation currently has a consensus rating of “Buy” and an average price target of $27.13.
Sabre Corporation (NASDAQ SABR) traded up 1.07% during trading on Tuesday, reaching $20.37. The company’s stock had a trading volume of 5,933,985 shares. The company has a market capitalization of $5.68 billion, a PE ratio of 40.74 and a beta of 0.71. Sabre Corporation has a 52 week low of $19.50 and a 52 week high of $29.45. The company has a 50 day moving average price of $21.99 and a 200-day moving average price of $22.53.
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 for the quarter, topping the consensus estimate of $0.32 by $0.03. The company 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 45.60% and a net margin of 3.87%. Sabre Corporation’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Equities research analysts anticipate that Sabre Corporation will post $1.36 earnings per share for the current year.
In other news, insider Richard A. Simonson sold 36,000 shares of Sabre Corporation stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $24.43, for a total value of $879,480.00. Following the completion of the sale, the insider now owns 231,103 shares of the company’s stock, valued at $5,645,846.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Sabre Corporation during the fourth quarter worth approximately $337,000. Dimensional Fund Advisors LP increased its stake in shares of Sabre Corporation by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,657 shares of the information technology services provider’s stock worth $17,008,000 after buying an additional 27,755 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Sabre Corporation during the fourth quarter worth approximately $340,000. Teachers Advisors LLC increased its stake in shares of Sabre Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 184,011 shares of the information technology services provider’s stock worth $4,591,000 after buying an additional 8,050 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Sabre Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 464,891 shares of the information technology services provider’s stock worth $11,598,000 after buying an additional 14,314 shares in the last quarter.
About Sabre Corporation
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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