Sabre Corporation (NASDAQ:SABR) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Sabre Corporation (NASDAQ:SABR) from a buy rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “

A number of other equities analysts also recently commented on SABR. Cowen and Company reiterated an outperform rating and set a $23.00 target price (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet downgraded shares of Sabre Corporation from a b rating to a c rating in a research note on Tuesday, August 1st. Mizuho reiterated a buy rating and set a $25.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $24.00 target price (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG boosted their target price on shares of Sabre Corporation from $24.00 to $25.00 and gave the stock a buy rating in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $25.13.

Shares of Sabre Corporation (NASDAQ:SABR) opened at 17.89 on Wednesday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 37.74 and a beta of 0.71. The stock’s 50 day moving average price is $21.18 and its 200 day moving average price is $22.25. Sabre Corporation has a one year low of $17.81 and a one year high of $29.45.

Sabre Corporation (NASDAQ:SABR) last issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $900.66 million during the quarter, compared to the consensus estimate of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Analysts forecast that Sabre Corporation will post $1.36 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 21st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.56 annualized dividend and a yield of 3.13%. Sabre Corporation’s dividend payout ratio is presently 116.67%.

In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the transaction, the insider now owns 31,726 shares in the company, valued at $568,529.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the transaction, 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. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Sabre Corporation by 51.4% in the second quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after buying an additional 7,919,869 shares in the last quarter. Vanguard Group Inc. increased its position in Sabre Corporation by 4.0% in the second quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock valued at $350,385,000 after buying an additional 619,975 shares in the last quarter. FIL Ltd increased its position in Sabre Corporation by 433.5% in the second quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares in the last quarter. FMR LLC increased its position in Sabre Corporation by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock valued at $227,434,000 after buying an additional 1,038,669 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in Sabre Corporation by 4.4% in the first quarter. Burgundy Asset Management Ltd. now owns 9,331,715 shares of the information technology services provider’s stock valued at $197,739,000 after buying an additional 393,440 shares in the last quarter.

About Sabre Corporation

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.

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