BidaskClub cut shares of Sabre (NASDAQ:SABR) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning, BidAskClub reports.

A number of other research firms have also commented on SABR. Zacks Investment Research raised Sabre from a sell rating to a hold rating in a report on Monday, May 6th. Mizuho started coverage on Sabre in a report on Thursday, June 6th. They issued a buy rating and a $25.00 target price for the company. Goldman Sachs Group lowered Sabre from a neutral rating to a sell rating and set a $20.00 target price for the company. in a report on Wednesday, June 19th. William Blair lowered Sabre from an outperform rating to a market perform rating in a report on Tuesday, April 30th. Finally, Bank of America reaffirmed a buy rating and issued a $29.50 price objective (up previously from $25.00) on shares of Sabre in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Sabre currently has an average rating of Hold and an average price target of $25.17.

Sabre stock opened at $23.74 on Friday. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 5.08 and a beta of 0.75. The stock has a fifty day simple moving average of $23.75 and a two-hundred day simple moving average of $22.24. Sabre has a 12 month low of $19.41 and a 12 month high of $26.62. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.59.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, August 1st. The information technology services provider reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $998.29 million. Sabre had a return on equity of 34.13% and a net margin of 6.14%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. On average, equities research analysts forecast that Sabre will post 0.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 19th. Sabre’s payout ratio is currently 39.44%.

In related news, insider David J. Shirk sold 10,365 shares of Sabre 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 completion of the sale, the insider now owns 100,075 shares of the company’s stock, valued at $2,289,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SABR. Trexquant Investment LP purchased a new position in Sabre during the first quarter valued at $1,217,000. Hanson & Doremus Investment Management lifted its position in Sabre by 10.4% during the first quarter. Hanson & Doremus Investment Management now owns 38,820 shares of the information technology services provider’s stock valued at $830,000 after purchasing an additional 3,644 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Sabre during the first quarter valued at $231,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in 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 purchasing an additional 799 shares in the last quarter. Finally, Greenleaf Trust lifted its position in Sabre by 2.9% during the second quarter. Greenleaf Trust now owns 212,052 shares of the information technology services provider’s stock valued at $4,708,000 after purchasing an additional 5,999 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

About Sabre

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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