Shares of Sabre Corp (NASDAQ:SABR) have been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.94.
Several equities analysts have recently commented on SABR shares. Bank of America reaffirmed a “buy” rating and issued a $29.50 target price (up previously from $25.00) on shares of Sabre in a research report on Friday, August 2nd. BidaskClub downgraded Sabre from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, TheStreet downgraded Sabre from a “b-” rating to a “c+” rating in a research report on Thursday, October 3rd.
In related news, CEO Sean E. Menke sold 17,000 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $22.36, for a total transaction of $380,120.00. Following the sale, the chief executive officer now owns 250,038 shares of the company’s stock, valued at $5,590,849.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Wade Jones sold 4,300 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.74, for a total value of $102,082.00. Following the sale, the executive vice president now directly owns 49,803 shares in the company, valued at approximately $1,182,323.22. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
Shares of Sabre stock traded up $0.30 during trading on Monday, reaching $21.20. The stock had a trading volume of 23,242 shares, compared to its average volume of 1,910,852. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 4.78 and a beta of 0.76. The stock has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $22.40. Sabre has a 52 week low of $19.41 and a 52 week high of $26.40. 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 released its quarterly earnings data on Thursday, August 1st. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $1,000.00 million for 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 business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, equities analysts forecast that Sabre will post 0.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Thursday, September 19th. Sabre’s dividend payout ratio is currently 39.44%.
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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