Shares of Sabre Corp (NASDAQ:SABR) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.57.

A number of analysts recently issued reports on the company. BidaskClub upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Zacks Investment Research upgraded Sabre from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Mizuho assumed coverage on Sabre in a research report on Thursday, June 6th. They issued a “buy” rating and a $25.00 price target for the company. Goldman Sachs Group downgraded Sabre from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a research report on Wednesday, June 19th. Finally, Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and set a $21.10 price target for the company in a research report on Wednesday, May 1st.

SABR traded down $0.11 during trading on Tuesday, reaching $22.62. The company had a trading volume of 117,387 shares, compared to its average volume of 2,468,653. The company has a market capitalization of $6.28 billion, a PE ratio of 15.90, a P/E/G ratio of 6.30 and a beta of 0.72. The business’s 50 day moving average is $21.00. Sabre has a 52 week low of $19.41 and a 52 week high of $26.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.44.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sabre had a return on equity of 39.46% and a net margin of 7.80%. Sabre’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, equities research analysts expect that Sabre will post 0.8 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.48%. Sabre’s payout ratio is 39.44%.

In other Sabre news, insider David J. Shirk sold 10,365 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $22.88, for a total value of $237,151.20. Following the sale, the insider now owns 100,075 shares in the company, valued at $2,289,716. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard A. Simonson sold 6,047 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the completion of the sale, the insider now owns 286,503 shares in the company, valued at approximately $6,351,771.51. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in shares of Sabre by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 73,700 shares of the information technology services provider’s stock valued at $1,576,000 after buying an additional 600 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Sabre by 1.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 41,718 shares of the information technology services provider’s stock valued at $903,000 after buying an additional 681 shares during the period. Stephens Inc. AR increased its stake in shares of Sabre by 1.7% during the first quarter. Stephens Inc. AR now owns 41,825 shares of the information technology services provider’s stock valued at $895,000 after buying an additional 696 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Sabre by 9.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,450 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 750 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Sabre by 5.6% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,975 shares of the information technology services provider’s stock valued at $320,000 after buying an additional 799 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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.

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Analyst Recommendations for Sabre (NASDAQ:SABR)

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