Zacks Investment Research Upgrades Sabre Corporation (NASDAQ:SABR) to Hold

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. “

Other equities analysts have also recently issued research reports about the stock. Bank of America Corporation cut shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. The Goldman Sachs Group, Inc. cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $20.00 in a report on Monday, September 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $25.00) on shares of Sabre Corporation in a report on Monday, October 9th. Finally, Cowen and Company set a $23.00 price objective on shares of Sabre Corporation and gave the company a “buy” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Sabre Corporation has a consensus rating of “Hold” and a consensus price target of $22.63.

Shares of Sabre Corporation (SABR) opened at $18.50 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $27.35. The firm has a market capitalization of $5,073.21, a PE ratio of 14.65, a price-to-earnings-growth ratio of 4.46 and a beta of 0.76.

Sabre Corporation (NASDAQ:SABR) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Sabre Corporation had a return on equity of 53.97% and a net margin of 5.22%. The company had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. During the same period last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. sell-side analysts predict that Sabre Corporation will post 1.22 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the business. Creative Planning lifted its stake in Sabre Corporation by 4.7% in 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. lifted its stake in Sabre Corporation by 55.6% in 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. lifted its stake in Sabre Corporation by 21.6% in 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 bought a new stake in Sabre Corporation in the second quarter worth $203,000. Finally, Parametrica Management Ltd bought a new stake in Sabre Corporation in the second quarter worth $206,000.

Sabre Corporation Company Profile

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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