Sabre Corp. (NASDAQ:SABR) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.86.
Several equities analysts recently issued reports on the stock. Morgan Stanley reissued a “buy” rating and set a $38.00 price target on shares of Sabre Corp. in a report on Monday, September 12th. KeyCorp cut their price target on shares of Sabre Corp. from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. cut their price target on shares of Sabre Corp. from $34.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 3rd. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Sabre Corp. in a report on Tuesday, June 21st. Finally, Evercore ISI restated a “buy” rating on shares of Sabre Corp. in a research report on Tuesday, June 21st.
Sabre Corp. (NASDAQ:SABR) traded down 0.48% on Monday, reaching $27.03. 613,651 shares of the company’s stock traded hands. Sabre Corp. has a 52-week low of $22.03 and a 52-week high of $30.45. The stock has a market capitalization of $7.52 billion, a PE ratio of 15.75 and a beta of 0.86. The firm’s 50-day moving average is $27.60 and its 200 day moving average is $27.98.
Sabre Corp. (NASDAQ:SABR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 firm earned $845.20 million during the quarter, compared to the consensus estimate of $852.33 million. During the same period last year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts forecast that Sabre Corp. will post $1.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, September 19th. Sabre Corp.’s dividend payout ratio is 30.41%.
In other news, insider Alexander S. Alt sold 66,164 shares of Sabre Corp. 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 $1,783,781.44. Following the completion of the sale, the insider now owns 48,730 shares in the company, valued at approximately $1,313,760.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence W. Kellner sold 25,000 shares of Sabre Corp. stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $26.86, for a total transaction of $671,500.00. Following the sale, the director now owns 232,352 shares of the company’s stock, valued at approximately $6,240,974.72. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Several large investors have recently modified their holdings of the company. Findlay Park Partners LLP boosted its stake in shares of Sabre Corp. by 6.0% in the first quarter. Findlay Park Partners LLP now owns 6,528,122 shares of the company’s stock valued at $188,793,000 after buying an additional 372,362 shares in the last quarter. Scopia Capital Management LP purchased a new position in shares of Sabre Corp. during the first quarter worth about $177,673,000. Burgundy Asset Management Ltd. boosted its position in shares of Sabre Corp. by 21.9% in the second quarter. Burgundy Asset Management Ltd. now owns 5,861,224 shares of the company’s stock worth $157,022,000 after buying an additional 1,053,285 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Sabre Corp. by 19.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,287,617 shares of the company’s stock worth $141,655,000 after buying an additional 848,501 shares in the last quarter. Finally, Vulcan Value Partners LLC purchased a new position in shares of Sabre Corp. during the second quarter worth about $131,419,000.
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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