Sabre (NASDAQ:SABR) Lifted to Buy at Zacks Investment Research

Sabre (NASDAQ:SABR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, January 9th. The brokerage currently has a $23.00 price objective on the information technology services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.92% from the stock’s previous close.

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 research analysts also recently issued research reports about the stock. Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. TheStreet raised shares of Sabre from a “c” rating to a “b-” rating in a research report on Monday, November 27th. Oppenheimer restated a “buy” rating and issued a $24.00 price target on shares of Sabre in a report on Wednesday, November 1st. Cowen set a $23.00 price target on shares of Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank restated a “buy” rating and issued a $22.00 price target (down from $25.00) on shares of Sabre in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Sabre has an average rating of “Hold” and a consensus target price of $22.67.

Shares of Sabre (NASDAQ SABR) traded down $0.19 on Tuesday, hitting $20.55. 1,698,057 shares of the stock traded hands, compared to its average volume of 2,233,336. Sabre has a 1-year low of $17.30 and a 1-year high of $25.06. The stock has a market capitalization of $5,650.00, a P/E ratio of 29.78, a P/E/G ratio of 4.87 and a beta of 0.76. 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 (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The company had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. sell-side analysts forecast that Sabre will post 1.22 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. Advisor Group Inc. lifted its stake in Sabre by 55.6% during the 2nd 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 during the period. Neuberger Berman Group LLC purchased a new position in shares of Sabre during the 2nd quarter valued at approximately $203,000. Citigroup Inc. increased its holdings in shares of Sabre by 98.9% during the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after purchasing an additional 4,734 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Sabre by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 254 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Sabre during the 3rd quarter valued at approximately $304,000.

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Sabre 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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