Deutsche Bank AG Reaffirms “Buy” Rating for Sabre Corporation (SABR)
Sabre Corporation (NASDAQ:SABR)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report issued on Monday. They presently have a $22.00 price target on the information technology services provider’s stock, down from their previous price target of $25.00. Deutsche Bank AG’s target price points to a potential upside of 22.02% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, August 15th. Mizuho reaffirmed a “buy” rating and issued a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. TheStreet cut shares of Sabre Corporation from a “b” rating to a “c” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Sabre Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $20.00 in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.63.
Shares of Sabre Corporation (NASDAQ:SABR) traded down 0.72% during trading on Monday, reaching $18.03. 1,274,222 shares of the company were exchanged. The company’s 50-day moving average is $18.12 and its 200 day moving average is $21.00. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.46. The firm has a market capitalization of $5.02 billion, a PE ratio of 38.04 and a beta of 0.74.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. Equities research analysts expect that Sabre Corporation will post $1.35 EPS for the current fiscal year.
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In related news, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the transaction, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of the firm’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 transaction, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several institutional investors have recently modified their holdings of SABR. Creative Planning raised its holdings in shares of Sabre Corporation by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Sabre Corporation by 55.6% during the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Sabre Corporation by 21.6% during the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after purchasing an additional 1,100 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Sabre Corporation during the second quarter worth $203,000. Finally, Parametrica Management Ltd purchased a new position in shares of Sabre Corporation during the second quarter worth $206,000.
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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