Several other research analysts have also recently issued reports on SABR. Evercore ISI reiterated a buy rating on shares of Sabre Corp. in a report on Tuesday, June 21st. Jefferies Group reiterated a buy rating and set a $33.00 target price on shares of Sabre Corp. in a report on Tuesday, June 21st. 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. KeyCorp dropped their target price on shares of Sabre Corp. from $35.00 to $34.00 and set an overweight rating on the stock in a report on Wednesday, August 3rd. Finally, Morgan Stanley reiterated a buy rating and set a $38.00 target price on shares of Sabre Corp. in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Sabre Corp. presently has a consensus rating of Buy and an average price target of $34.20.
Sabre Corp. (NASDAQ:SABR) opened at 26.75 on Tuesday. The stock has a market capitalization of $7.44 billion, a PE ratio of 15.59 and a beta of 0.87. The stock’s 50 day moving average is $27.76 and its 200 day moving average is $27.98. Sabre Corp. has a 12-month low of $22.03 and a 12-month high of $30.45.
Sabre Corp. (NASDAQ:SABR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Sabre Corp. had a net margin of 14.87% and a return on equity of 56.62%. The company had revenue of $845.20 million for the quarter, compared to analysts’ expectations of $852.33 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that Sabre Corp. will post $1.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, September 19th. Sabre Corp.’s payout ratio is currently 30.41%.
In related news, insider Deborah Kerr sold 45,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $29.28, for a total value of $1,317,600.00. Following the completion of the transaction, the insider now directly owns 163,885 shares of the company’s stock, valued at approximately $4,798,552.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Klein sold 198,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $26.96, for a total transaction of $5,338,080.00. Following the completion of the transaction, the chief executive officer now directly owns 363,018 shares of the company’s stock, valued at $9,786,965.28. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Calvert Investment Management Inc. raised its position in shares of Sabre Corp. by 1.2% in the second quarter. Calvert Investment Management Inc. now owns 10,168 shares of the company’s stock valued at $272,000 after buying an additional 121 shares during the last quarter. Lebenthal Holdings LLC raised its position in Sabre Corp. by 1.5% in the second quarter. Lebenthal Holdings LLC now owns 11,265 shares of the company’s stock worth $302,000 after buying an additional 170 shares in the last quarter. First Mercantile Trust Co. raised its position in Sabre Corp. by 4.1% in the third quarter. First Mercantile Trust Co. now owns 12,080 shares of the company’s stock worth $340,000 after buying an additional 480 shares in the last quarter. LS Investment Advisors LLC raised its position in Sabre Corp. by 12.1% in the second quarter. LS Investment Advisors LLC now owns 5,810 shares of the company’s stock worth $156,000 after buying an additional 627 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Sabre Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 154,944 shares of the company’s stock worth $4,151,000 after buying an additional 721 shares in the last quarter.
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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