Several other analysts also recently commented on SABR. William Blair downgraded shares of Sabre from an outperform rating to a market perform rating in a research report on Tuesday, April 30th. Bank of America reaffirmed a buy rating and set a $29.50 target price (up from $25.00) on shares of Sabre in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Sabre from a sell rating to a hold rating in a research note on Monday, May 6th. Mizuho started coverage on shares of Sabre in a research note on Thursday, June 6th. They set a buy rating and a $25.00 target price for the company. Finally, Oppenheimer cut their target price on shares of Sabre from $28.00 to $23.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $25.17.
Shares of SABR stock opened at $23.93 on Friday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 5.13 and a beta of 0.75. Sabre has a one year low of $19.41 and a one year high of $26.62. The company’s fifty day moving average price is $23.73 and its 200-day moving average price is $22.24. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.03 and a quick ratio of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.56 annualized dividend and a yield of 2.34%. Sabre’s payout ratio is 39.44%.
In related news, insider David J. Shirk sold 10,365 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total transaction of $237,151.20. Following the completion of the transaction, the insider now directly owns 100,075 shares of the company’s stock, valued at $2,289,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Sabre by 2.3% in the 1st quarter. BlackRock Inc. now owns 26,976,865 shares of the information technology services provider’s stock worth $577,035,000 after buying an additional 610,850 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Sabre by 21.1% in the 2nd quarter. William Blair Investment Management LLC now owns 7,398,082 shares of the information technology services provider’s stock worth $164,237,000 after buying an additional 1,290,708 shares in the last quarter. Invesco Ltd. grew its stake in shares of Sabre by 1.1% in the 2nd quarter. Invesco Ltd. now owns 3,745,690 shares of the information technology services provider’s stock worth $83,154,000 after buying an additional 40,205 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sabre by 95.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,354,878 shares of the information technology services provider’s stock worth $71,761,000 after buying an additional 1,641,020 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Sabre by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 3,213,007 shares of the information technology services provider’s stock worth $69,516,000 after buying an additional 404,481 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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