Shares of Sabre Corp (NASDAQ:SABR) have been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $28.33.
Several analysts recently commented on SABR shares. Imperial Capital reissued a “buy” rating and set a $33.00 target price on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. Cowen set a $30.00 target price on shares of Sabre and gave the company a “buy” rating in a research note on Thursday, July 19th. ValuEngine raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, Morgan Stanley increased their target price on shares of Sabre from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 1st.
In other news, Director Judy C. Odom sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. Following the sale, the director now owns 41,039 shares in the company, valued at $1,016,946.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence W. Kellner sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $25.00, for a total transaction of $375,000.00. Following the sale, the director now owns 229,219 shares in the company, valued at approximately $5,730,475. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,354 shares of company stock valued at $2,192,004. Company insiders own 0.67% of the company’s stock.
Shares of NASDAQ:SABR traded up $0.02 during trading on Monday, reaching $25.57. The company had a trading volume of 1,642,377 shares, compared to its average volume of 2,319,413. The firm has a market cap of $6.95 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.60 and a beta of 0.69. Sabre has a twelve month low of $17.91 and a twelve month high of $26.78. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.58.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The business had revenue of $970.28 million during the quarter, compared to analyst estimates of $944.97 million. During the same period in the prior year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Sabre will post 1.36 EPS for the current year.
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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