Sabre Corporation (NASDAQ:SABR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, November 4th.
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. “
Several other analysts have also recently weighed in on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $24.00 price objective on shares of Sabre Corporation in a research note on Wednesday, November 1st. Cowen and Company set a $23.00 price objective on shares of Sabre Corporation and gave the stock a “buy” rating in a research note on Thursday, October 12th. Deutsche Bank AG restated a “buy” rating and issued a $22.00 target price (down from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $20.00 in a research report on Monday, September 11th. Finally, Jefferies Group LLC upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Sabre Corporation currently has a consensus rating of “Hold” and an average target price of $22.63.
Shares of Sabre Corporation (NASDAQ:SABR) traded up $0.09 during trading on Friday, reaching $19.36. 764,700 shares of the company’s stock traded hands, compared to its average volume of 3,124,032. Sabre Corporation has a twelve month low of $17.30 and a twelve month high of $27.35. 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 firm has a market cap of $5,320.00, a PE ratio of 15.29, a price-to-earnings-growth ratio of 4.65 and a beta of 0.76.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. Sabre Corporation had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million during the quarter, compared to analysts’ expectations of $884.04 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s revenue was up 7.3% on a year-over-year basis. equities analysts forecast that Sabre Corporation will post 1.22 EPS for the current year.
Large investors have recently modified their holdings of the company. Creative Planning raised its position in shares of Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares in the last quarter. Advisor Group Inc. increased its position in Sabre Corporation by 55.6% during the 2nd 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 in the last quarter. Daiwa Securities Group Inc. increased its position in Sabre Corporation by 21.6% during the 2nd 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 in the last quarter. Neuberger Berman Group LLC acquired a new position in Sabre Corporation during the 2nd quarter worth approximately $203,000. Finally, Parametrica Management Ltd acquired a new position in Sabre Corporation during the 2nd quarter worth approximately $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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