Sabre Corp (SABR) Given Consensus Rating of “Hold” by Analysts
Sabre Corp (NASDAQ:SABR) has been given an average recommendation of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.63.
A number of analysts have commented on SABR shares. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Goldman Sachs Group lowered Sabre from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $20.00 in a report on Monday, September 11th. Deutsche Bank reaffirmed a “buy” rating and issued a $22.00 price objective (down previously from $25.00) on shares of Sabre in a report on Monday, October 9th. Cowen set a $23.00 price objective on Sabre and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th.
Shares of Sabre (NASDAQ SABR) traded up $0.36 during trading hours on Friday, reaching $20.22. The company’s stock had a trading volume of 2,351,500 shares, compared to its average volume of 3,031,427. The stock has a market capitalization of $5,457.96, a PE ratio of 15.76, a price-to-earnings-growth ratio of 4.79 and a beta of 0.76. Sabre has a 1-year low of $17.30 and a 1-year high of $26.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, December 20th. Sabre’s dividend payout ratio is presently 83.58%.
Institutional investors have recently made changes to their positions in the company. Creative Planning lifted its position in shares of Sabre by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 205 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Sabre by 55.6% in the second quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after acquiring an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Sabre by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after acquiring an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Sabre in the second quarter valued at about $203,000. Finally, Citigroup Inc. lifted its position in shares of Sabre by 98.9% in the second quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after acquiring an additional 4,734 shares in the last quarter.
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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