Sabre (NASDAQ:SABR) Downgraded by BidaskClub

BidaskClub downgraded shares of Sabre (NASDAQ:SABR) from a strong-buy rating to a buy rating in a report released on Saturday morning, BidAskClub reports.

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.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $998.29 million. Sabre had a net margin of 6.14% and a return on equity of 34.13%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Equities research analysts expect that Sabre will post 0.81 earnings per share for the current fiscal year.

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.

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.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Sabre (NASDAQ:SABR)

Receive News & Ratings for Sabre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre and related companies with MarketBeat.com's FREE daily email newsletter.