Brokerages Set Sabre Corp (SABR) Target Price at $28.33

Shares of Sabre Corp (NASDAQ:SABR) have earned an average rating of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.33.

Several research firms have recently issued reports on SABR. Imperial Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sabre in a research note on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub raised Sabre from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Sabre in a research note on Thursday, November 15th. Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. Finally, Morgan Stanley raised their price objective on Sabre from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, October 31st.

In other news, Director Judy C. Odom sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the sale, the director now directly owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. Simonson sold 60,354 shares of the firm’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $26.00, for a total value of $1,569,204.00. Following the completion of the sale, the insider now directly owns 249,941 shares of the company’s stock, valued at $6,498,466. The disclosure for this sale can be found here. Insiders sold a total of 85,354 shares of company stock valued at $2,192,063 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. First Citizens Bank & Trust Co. bought a new stake in shares of Sabre during the 3rd quarter worth approximately $396,000. Bank of Montreal Can lifted its stake in shares of Sabre by 56.9% during the 3rd quarter. Bank of Montreal Can now owns 1,170,165 shares of the information technology services provider’s stock worth $30,517,000 after acquiring an additional 424,431 shares during the last quarter. W.E. Donoghue & Co. LLC lifted its stake in shares of Sabre by 100.2% during the 3rd quarter. W.E. Donoghue & Co. LLC now owns 38,081 shares of the information technology services provider’s stock worth $993,000 after acquiring an additional 19,061 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Sabre by 64.6% during the 2nd quarter. Toronto Dominion Bank now owns 24,769 shares of the information technology services provider’s stock worth $610,000 after acquiring an additional 9,719 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Sabre by 3.2% during the 3rd quarter. CX Institutional now owns 132,974 shares of the information technology services provider’s stock worth $3,468,000 after acquiring an additional 4,176 shares during the last quarter. 95.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Sabre stock opened at $26.27 on Friday. Sabre has a 12 month low of $17.91 and a 12 month high of $26.78. The company has a market cap of $7.04 billion, a P/E ratio of 20.21, a PEG ratio of 2.63 and a beta of 0.70. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.14 and a quick ratio of 1.14.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The company 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 company earned $0.31 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Research analysts predict that Sabre will post 1.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 21st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 20th. Sabre’s payout ratio is 43.08%.

Sabre Company Profile

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.

Further Reading: Why do company’s buyback their stock?

Analyst Recommendations for Sabre (NASDAQ:SABR)

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