Sabre (NASDAQ:SABR) Downgraded to “Buy” at BidaskClub
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.
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.
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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