Sabre (SABR) Raised to B- at TheStreet

Sabre (NASDAQ:SABR) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Monday.

Several other analysts also recently commented on SABR. Cowen restated an “outperform” rating and set a $23.00 target price (down from $26.00) on shares of Sabre in a report on Wednesday, August 2nd. Mizuho restated a “buy” rating and set a $25.00 target price (down from $27.00) on shares of Sabre in a report on Wednesday, August 2nd. Jefferies Group upgraded shares of Sabre from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Sabre from a “buy” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Oppenheimer restated an “outperform” rating and set a $24.00 target price (down from $27.00) on shares of Sabre in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Sabre presently has an average rating of “Hold” and a consensus target price of $22.63.

Shares of Sabre (NASDAQ:SABR) opened at $19.48 on Monday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $5,315.05, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 4.67 and a beta of 0.76. Sabre has a fifty-two week low of $17.30 and a fifty-two week high of $27.35.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. Sabre had a net margin of 5.22% and a return on equity of 53.97%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. equities analysts anticipate that Sabre will post 1.22 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SABR. Teachers Advisors LLC raised its holdings in shares of Sabre by 6.6% in the first quarter. Teachers Advisors LLC now owns 196,072 shares of the information technology services provider’s stock valued at $4,155,000 after purchasing an additional 12,061 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sabre by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 687,316 shares of the information technology services provider’s stock worth $14,566,000 after buying an additional 5,659 shares during the last quarter. Capstone Asset Management Co. acquired a new position in Sabre during the second quarter worth $369,000. Creative Planning increased its holdings in Sabre by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after buying an additional 205 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Sabre by 177.4% during the second quarter. Aperio Group LLC now owns 29,553 shares of the information technology services provider’s stock worth $643,000 after buying an additional 18,900 shares during the last quarter.

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Sabre Company Profile

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

Analyst Recommendations for Sabre (NASDAQ:SABR)

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