Sabre (NASDAQ:SABR) had its target price hoisted by Deutsche Bank from $24.00 to $25.00 in a research note published on Monday morning. The firm currently has a buy rating on the information technology services provider’s stock.
Several other analysts have also issued reports on the stock. Evercore ISI lowered shares of Sabre from an outperform rating to an underperform rating in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Sabre from a hold rating to a buy rating and set a $23.00 target price for the company in a research note on Tuesday, January 9th. TheStreet upgraded shares of Sabre from a c rating to a b- rating in a research note on Monday, November 27th. Oppenheimer reiterated a buy rating and issued a $24.00 target price on shares of Sabre in a research note on Wednesday, November 1st. Finally, Mizuho reiterated a buy rating and issued a $25.00 target price on shares of Sabre in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $23.00.
Sabre (SABR) opened at $22.97 on Monday. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.99 and a current ratio of 0.99. Sabre has a 1-year low of $17.30 and a 1-year high of $25.01. The firm has a market cap of $6,531.82, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 4.47 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 21st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.44%. Sabre’s payout ratio is 63.64%.
A number of institutional investors and hedge funds have recently bought and sold shares of SABR. Burgundy Asset Management Ltd. grew its position in Sabre by 29.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 13,976,268 shares of the information technology services provider’s stock valued at $286,513,000 after buying an additional 3,169,837 shares during the period. Miller Howard Investments Inc. NY bought a new position in Sabre during the fourth quarter valued at about $64,563,000. Mackenzie Financial Corp grew its position in Sabre by 70.4% during the fourth quarter. Mackenzie Financial Corp now owns 4,388,602 shares of the information technology services provider’s stock valued at $89,966,000 after buying an additional 1,812,947 shares during the period. Wells Fargo & Company MN grew its position in Sabre by 175.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,302,885 shares of the information technology services provider’s stock valued at $47,208,000 after buying an additional 1,466,939 shares during the period. Finally, MD Sass Investors Services Inc. bought a new position in Sabre during the fourth quarter valued at about $24,448,000.
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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