Imperial Capital reissued their buy rating on shares of Sabre (NASDAQ:SABR) in a report issued on Wednesday, October 31st, The Fly reports. Imperial Capital currently has a $33.00 price objective on the information technology services provider’s stock. The analysts noted that the move was a valuation call.
Several other brokerages have also recently commented on SABR. BidaskClub cut shares of Sabre from a hold rating to a sell rating in a research note on Saturday, October 6th. Morgan Stanley lifted their target price on shares of Sabre from $25.00 to $26.00 and gave the company an equal weight rating in a report on Wednesday, August 1st. Zacks Investment Research lowered shares of Sabre from a strong-buy rating to a hold rating in a report on Tuesday, August 7th. ValuEngine lowered shares of Sabre from a buy rating to a hold rating in a report on Tuesday, July 31st. Finally, Cowen set a $30.00 price target on shares of Sabre and gave the stock a buy rating in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $28.14.
Shares of NASDAQ:SABR traded up $0.69 during trading on Wednesday, reaching $24.63. The stock had a trading volume of 1,489,754 shares, compared to its average volume of 2,236,428. The stock has a market capitalization of $6.59 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.46 and a beta of 0.69. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.14 and a current ratio of 1.14. Sabre has a one year low of $17.91 and a one year high of $26.78.
Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The company had revenue of $970.28 million during the quarter, compared to analysts’ expectations of $944.97 million. During the same period last year, the business earned $0.31 EPS. Sabre’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts forecast that Sabre will post 1.36 EPS for the current year.
In other Sabre news, Director Lawrence W. Kellner sold 9,056 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $25.00, for a total transaction of $226,400.00. Following the sale, the director now directly owns 220,942 shares in the company, valued at $5,523,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard A. Simonson sold 60,354 shares of the business’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $26.00, for a total transaction of $1,569,204.00. Following the sale, the insider now owns 249,941 shares in the company, valued at $6,498,466. The disclosure for this sale can be found here. Insiders sold 79,410 shares of company stock worth $2,043,404 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd increased its stake in Sabre by 17.0% in the third quarter. IFM Investors Pty Ltd now owns 14,058 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 2,041 shares during the last quarter. Cambiar Investors LLC increased its stake in Sabre by 1.1% in the second quarter. Cambiar Investors LLC now owns 203,485 shares of the information technology services provider’s stock valued at $5,014,000 after purchasing an additional 2,127 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Sabre by 19.7% in the third quarter. Fox Run Management L.L.C. now owns 13,379 shares of the information technology services provider’s stock valued at $349,000 after purchasing an additional 2,204 shares during the last quarter. Arizona State Retirement System increased its stake in Sabre by 1.4% in the third quarter. Arizona State Retirement System now owns 177,887 shares of the information technology services provider’s stock valued at $4,639,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its holdings in shares of Sabre by 16.0% in the third quarter. Cadence Capital Management LLC now owns 17,533 shares of the information technology services provider’s stock valued at $457,000 after acquiring an additional 2,420 shares during the period.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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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