Zacks Investment Research upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $23.00 price objective on the information technology services provider’s stock.
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. “
Several other equities analysts have also commented on the stock. Evercore ISI lowered shares of Sabre from an outperform rating to an underperform rating in a report on Friday, January 5th. TheStreet raised shares of Sabre from a c rating to a b- rating in a report on Monday, November 27th. Oppenheimer reissued a buy rating and issued a $24.00 target price on shares of Sabre in a report on Wednesday, November 1st. Cowen set a $23.00 target price on shares of Sabre and gave the company a buy rating in a report on Thursday, October 12th. Finally, Deutsche Bank reissued a buy rating and issued a $22.00 target price (down from $25.00) on shares of Sabre in a report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $22.67.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business had revenue of $900.60 million for the quarter, compared to analyst estimates of $884.04 million. During the same period last year, the firm earned $0.27 earnings per share. Sabre’s revenue for the quarter was up 7.3% compared to the same quarter last year. analysts anticipate that Sabre will post 1.22 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 21st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, December 20th. Sabre’s dividend payout ratio is currently 83.58%.
Several institutional investors and hedge funds have recently bought and sold shares of SABR. FIL Ltd boosted its stake in shares of Sabre by 433.5% in the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after purchasing an additional 8,872,029 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sabre by 51.4% in the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after purchasing an additional 7,919,869 shares in the last quarter. State Street Corp boosted its stake in shares of Sabre by 72.5% in the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after purchasing an additional 2,738,529 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Sabre by 133.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 3,069,058 shares of the information technology services provider’s stock valued at $66,813,000 after purchasing an additional 1,754,999 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of Sabre by 14.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 10,806,431 shares of the information technology services provider’s stock valued at $195,596,000 after purchasing an additional 1,354,184 shares in the last quarter.
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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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