Sabre (SABR) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Sabre (NASDAQ:SABR) from a sell rating to a hold rating in a research note published on Tuesday morning.

Other equities analysts also recently issued reports about the company. Cowen set a $30.00 target price on Sabre and gave the company a buy rating in a research report on Thursday, July 19th. ValuEngine raised Sabre from a hold rating to a buy rating in a research report on Thursday, July 19th. Imperial Capital reaffirmed a buy rating and issued a $31.00 target price on shares of Sabre in a research report on Wednesday, August 1st. Morgan Stanley lifted their target price on Sabre from $25.00 to $26.00 and gave the company an equal weight rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research downgraded Sabre from a strong-buy rating to a hold rating in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $27.57.

Shares of NASDAQ:SABR opened at $24.90 on Tuesday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $6.69 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. Sabre has a 12-month low of $17.79 and a 12-month high of $26.78.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $984.38 million during the quarter, compared to the consensus estimate of $946.40 million. Sabre had a return on equity of 47.59% and a net margin of 9.41%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. On average, sell-side analysts forecast that Sabre will post 1.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 21st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, September 20th. Sabre’s dividend payout ratio is currently 43.08%.

In other news, Director Lawrence W. Kellner sold 15,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $375,000.00. Following the completion of the transaction, the director now directly owns 229,219 shares of the company’s stock, valued at $5,730,475. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $26.00, for a total value of $1,569,204.00. Following the transaction, the insider now directly owns 249,941 shares of the company’s stock, valued at $6,498,466. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,427,216 shares of company stock valued at $406,162,833. 0.67% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SABR. Bank of America Corp DE grew its position in shares of Sabre by 240.3% during the second quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock worth $111,676,000 after buying an additional 3,200,652 shares in the last quarter. BlackRock Inc. grew its position in shares of Sabre by 14.4% during the second quarter. BlackRock Inc. now owns 22,591,322 shares of the information technology services provider’s stock worth $556,651,000 after buying an additional 2,842,554 shares in the last quarter. First Trust Advisors LP lifted its stake in Sabre by 2,182.7% during the second quarter. First Trust Advisors LP now owns 1,303,900 shares of the information technology services provider’s stock worth $32,128,000 after purchasing an additional 1,246,779 shares during the last quarter. Millennium Management LLC lifted its stake in Sabre by 99.5% during the second quarter. Millennium Management LLC now owns 2,445,959 shares of the information technology services provider’s stock worth $60,268,000 after purchasing an additional 1,219,959 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Sabre during the second quarter worth approximately $24,302,000.

About Sabre

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

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Analyst Recommendations for Sabre (NASDAQ:SABR)

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