Sabre Corporation (SABR) Earns “Buy” Rating from Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reissued their buy rating on shares of Sabre Corporation (NASDAQ:SABR) in a research note published on Wednesday morning. The firm currently has a $24.00 price target on the information technology services provider’s stock.

SABR has been the topic of several other reports. Cowen and Company reissued an outperform rating and set a $23.00 target price (down from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Mizuho reissued a buy rating and set a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a b rating to a c rating in a research note on Tuesday, August 1st. Jefferies Group LLC raised shares of Sabre Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a research note on Tuesday, August 15th. Finally, Zacks Investment Research downgraded shares of Sabre Corporation from a buy rating to a sell rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $22.63.

Shares of Sabre Corporation (SABR) opened at $18.74 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 5.29. The stock has a market cap of $5.09 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 4.49 and a beta of 0.76.

Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. research analysts expect that Sabre Corporation will post 1.21 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, December 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 83.58%.

In other news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now directly owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Sabre Corporation by 51.4% in the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after purchasing an additional 7,919,869 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sabre Corporation by 4.0% in the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock worth $350,385,000 after purchasing an additional 619,975 shares in the last quarter. FIL Ltd boosted its holdings in Sabre Corporation by 433.5% in the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock worth $237,701,000 after purchasing an additional 8,872,029 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Sabre Corporation by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 9,452,247 shares of the information technology services provider’s stock worth $205,775,000 after purchasing an additional 120,532 shares in the last quarter. Finally, State Street Corp boosted its holdings in Sabre Corporation by 72.5% in the second quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock worth $141,819,000 after purchasing an additional 2,738,529 shares in the last quarter.

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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