Cowen reaffirmed their buy rating on shares of Sabre (NASDAQ:SABR) in a report published on Wednesday. Cowen currently has a $27.00 price target on the information technology services provider’s stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Sabre from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Saturday, February 3rd. Mizuho restated a buy rating and issued a $25.00 price target on shares of Sabre in a research report on Thursday, January 25th. Deutsche Bank raised their price target on Sabre from $24.00 to $25.00 and gave the stock a buy rating in a research report on Monday, February 26th. TheStreet upgraded Sabre from a c rating to a b- rating in a research report on Monday, November 27th. Finally, Evercore ISI downgraded Sabre from an outperform rating to an underperform rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $23.78.
Shares of Sabre (SABR) opened at $22.81 on Wednesday. The stock has a market capitalization of $6,260.11, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.56 and a beta of 0.55. Sabre has a 52-week low of $17.30 and a 52-week high of $25.01. The company has a debt-to-equity ratio of 4.87, a current ratio of 0.99 and a quick ratio of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. Sabre’s payout ratio is 63.64%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sabre during the fourth quarter worth about $169,000. Toronto Dominion Bank lifted its holdings in shares of Sabre by 39.8% during the fourth quarter. Toronto Dominion Bank now owns 12,318 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 3,509 shares during the period. Meadow Creek Investment Management LLC raised its position in Sabre by 25.6% during the fourth quarter. Meadow Creek Investment Management LLC now owns 12,384 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 2,528 shares in the last quarter. IFG Advisory LLC purchased a new position in Sabre during the fourth quarter valued at approximately $321,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Sabre during the third quarter valued at approximately $348,000.
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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