Sabre Corpo (NASDAQ:SABR) was upgraded by analysts at Jefferies Group LLC from a "hold" rating to a "buy" rating in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $25.00 target price on the information technology services provider's stock. Jefferies Group LLC's price objective would indicate a potential upside of 40.29% from the company's previous close.
SABR has been the topic of several other research reports. Zacks Investment Research raised Sabre Corporation from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a report on Friday, June 9th. BidaskClub lowered Sabre Corporation from a "sell" rating to a "strong sell" rating in a research note on Saturday, July 8th. Cowen and Company reaffirmed an "outperform" rating and issued a $23.00 price target (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Deutsche Bank AG boosted their price target on Sabre Corporation from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, May 3rd. Finally, TheStreet raised Sabre Corporation from a "c" rating to a "b-" rating in a research note on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. The stock has an average rating of "Hold" and an average target price of $25.11.
Shares of Sabre Corporation (NASDAQ:SABR) traded down 2.09% on Tuesday, reaching $17.82. 1,722,901 shares of the company's stock traded hands. The stock's 50-day moving average price is $21.05 and its 200-day moving average price is $22.17. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 37.59 and a beta of 0.71. Sabre Corporation has a 52 week low of $17.81 and a 52 week high of $29.45.
Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.03. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The company had revenue of $900.66 million for the quarter, compared to analyst estimates of $895.05 million. During the same quarter last year, the firm earned $0.37 EPS. Sabre Corporation's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts predict that Sabre Corporation will post $1.36 EPS for the current year.
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In other news, insider Judson Wade Jones sold 3,822 shares of the business's stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $17.92, for a total transaction of $68,490.24. Following the completion of the sale, the insider now owns 31,726 shares in the company, valued at $568,529.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the business's stock in a transaction on Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the sale, the insider now owns 82,600 shares of the company's stock, valued at approximately $1,661,912. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
Several large investors have recently added to or reduced their stakes in SABR. Teachers Advisors LLC increased its stake in Sabre Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 184,011 shares of the information technology services provider's stock worth $4,591,000 after buying an additional 8,050 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Sabre Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 55,018 shares of the information technology services provider's stock worth $1,165,000 after buying an additional 800 shares in the last quarter. Bank of Montreal Can increased its stake in Sabre Corporation by 142.3% in the first quarter. Bank of Montreal Can now owns 1,367,181 shares of the information technology services provider's stock worth $28,971,000 after buying an additional 802,918 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Sabre Corporation during the first quarter worth approximately $386,000. Finally, Beese Fulmer Investment Management Inc. increased its stake in Sabre Corporation by 24.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 101,999 shares of the information technology services provider's stock worth $2,161,000 after buying an additional 20,167 shares in the last quarter.
Sabre Corporation 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.
