Sabre Corporation (SABR) Downgraded to Neutral at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation (NASDAQ:SABR) from a buy rating to a neutral rating in a research report sent to investors on Monday morning. The firm currently has $20.00 target price on the information technology services provider’s stock, down from their prior target price of $25.00.

SABR has been the subject of a number of other reports. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $24.00 price objective (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Sabre Corporation from a buy rating to a sell rating in a research report on Wednesday, August 9th. Jefferies Group LLC raised shares of Sabre Corporation from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Tuesday, August 15th. Bank of America Corporation cut shares of Sabre Corporation from a neutral rating to an underperform rating and reduced their price objective for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. Finally, Cowen and Company reissued an outperform rating and set a $23.00 target price (down previously from $26.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. 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. Sabre Corporation currently has a consensus rating of Hold and a consensus price target of $23.22.

Sabre Corporation (SABR) opened at 18.02 on Monday. The company’s 50-day moving average is $19.00 and its 200 day moving average is $21.52. Sabre Corporation has a 1-year low of $17.30 and a 1-year high of $28.84. The firm has a market capitalization of $5.02 billion, a PE ratio of 38.02 and a beta of 0.74.

Sabre Corporation (NASDAQ:SABR) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. During the same period in the previous year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Sabre Corporation will post $1.35 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio is currently 116.67%.

In other news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the sale, the insider now owns 31,726 shares of the company’s stock, valued at $568,529.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now directly owns 82,600 shares of the company’s stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning raised its stake in Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares in the last quarter. Toronto Dominion Bank raised its stake in Sabre Corporation by 2.1% in the second quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 254 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Sabre Corporation by 0.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,646 shares of the information technology services provider’s stock valued at $671,000 after purchasing an additional 291 shares in the last quarter. Utah Retirement Systems raised its stake in Sabre Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 400 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in Sabre Corporation by 4.6% in the first quarter. Shell Asset Management Co. now owns 12,420 shares of the information technology services provider’s stock valued at $263,000 after purchasing an additional 547 shares in the last quarter.

About Sabre Corporation

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.

Analyst Recommendations for Sabre Corporation (NASDAQ:SABR)

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