Sabre Corp. (NASDAQ:SABR) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.86.
SABR has been the topic of a number of recent research reports. Jefferies Group restated a “buy” rating and set a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Evercore ISI reiterated a “buy” rating on shares of Sabre Corp. in a report on Tuesday, June 21st. SunTrust Banks Inc. upgraded shares of Sabre Corp. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 1st. Morgan Stanley reiterated a “buy” rating and issued a $38.00 target price on shares of Sabre Corp. in a report on Monday, September 12th. Finally, Oppenheimer Holdings Inc. dropped their target price on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd.
In other news, Director Lawrence W. Kellner sold 20,000 shares of Sabre Corp. stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $28.26, for a total transaction of $565,200.00. Following the sale, the director now directly owns 212,352 shares in the company, valued at approximately $6,001,067.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence W. Kellner sold 25,000 shares of Sabre Corp. stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $26.86, for a total transaction of $671,500.00. Following the sale, the director now owns 232,352 shares in the company, valued at $6,240,974.72. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Several hedge funds have recently modified their holdings of SABR. Harbour Capital Advisors LLC acquired a new stake in shares of Sabre Corp. during the second quarter valued at $928,000. Royal Bank of Canada raised its stake in shares of Sabre Corp. by 251.3% in the second quarter. Royal Bank of Canada now owns 341,123 shares of the company’s stock valued at $9,138,000 after buying an additional 244,020 shares during the period. IFP Advisors Inc raised its stake in shares of Sabre Corp. by 49.1% in the second quarter. IFP Advisors Inc now owns 3,965 shares of the company’s stock valued at $106,000 after buying an additional 1,305 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Sabre Corp. by 172.8% in the second quarter. Public Employees Retirement System of Ohio now owns 74,712 shares of the company’s stock valued at $2,002,000 after buying an additional 47,328 shares during the period. Finally, Lebenthal Holdings LLC raised its stake in shares of Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock valued at $302,000 after buying an additional 170 shares during the period.
Shares of Sabre Corp. (NASDAQ:SABR) opened at 27.54 on Monday. The company’s 50-day moving average is $27.66 and its 200 day moving average is $27.98. Sabre Corp. has a 1-year low of $22.03 and a 1-year high of $30.45. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 16.05 and a beta of 0.86.
Sabre Corp. (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $845.20 million for the quarter, compared to the consensus estimate of $852.33 million. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. Sabre Corp.’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts expect that Sabre Corp. will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.52 annualized dividend and a yield of 1.89%. Sabre Corp.’s dividend payout ratio is 30.41%.
Sabre Corp. Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management.
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