Sabre Corp (SABR) Price Target Raised to $25.00 at Deutsche Bank AG

Sabre Corp (NASDAQ:SABR) had its price target boosted by Deutsche Bank AG from $24.00 to $25.00 in a report published on Wednesday, May 3rd. They currently have a buy rating on the information technology services provider’s stock.

A number of other equities analysts have also recently weighed in on SABR. Zacks Investment Research cut Sabre Corp from a strong-buy rating to a hold rating in a report on Thursday, January 5th. TheStreet upgraded Sabre Corp from a c rating to a b- rating in a research report on Monday, April 17th. Morgan Stanley lowered their price objective on Sabre Corp from $33.00 to $26.00 and set an overweight rating for the company in a research note on Wednesday, February 8th. Mizuho lowered their price objective on Sabre Corp from $30.00 to $25.00 and set a buy rating for the company in a research note on Wednesday, February 8th. Finally, Bank of America Corp cut Sabre Corp from a buy rating to a neutral rating in a research note on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $29.63.

Sabre Corp (NASDAQ:SABR) traded up 0.417% during mid-day trading on Wednesday, hitting $22.895. 3,263,035 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $22.89 and a 200 day moving average of $23.67. The stock has a market capitalization of $6.37 billion, a P/E ratio of 30.527 and a beta of 0.85. Sabre Corp has a 52 week low of $20.09 and a 52 week high of $29.63.

Sabre Corp (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.11. Sabre Corp had a return on equity of 41.47% and a net margin of 7.19%. The firm had revenue of $915.35 million for the quarter, compared to analysts’ expectations of $897.62 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that Sabre Corp will post $1.39 earnings per share for the current fiscal year.

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In other Sabre Corp news, insider William G. Robinson, Jr. sold 20,837 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $21.03, for a total transaction of $438,202.11. Following the completion of the sale, the insider now owns 113,531 shares of the company’s stock, valued at $2,387,556.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deborah Kerr sold 80,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $22.07, for a total value of $1,765,600.00. Following the completion of the transaction, the insider now directly owns 84,233 shares of the company’s stock, valued at approximately $1,859,022.31. The disclosure for this sale can be found here. Insiders have sold 472,425 shares of company stock valued at $10,859,769 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Capital World Investors raised its position in Sabre Corp by 2,000.4% in the third quarter. Capital World Investors now owns 19,383,234 shares of the information technology services provider’s stock worth $546,220,000 after buying an additional 18,460,386 shares during the period. Vanguard Group Inc. raised its position in Sabre Corp by 3.6% in the first quarter. Vanguard Group Inc. now owns 15,474,924 shares of the information technology services provider’s stock worth $327,913,000 after buying an additional 542,216 shares during the period. BlackRock Inc. raised its position in Sabre Corp by 6,499.9% in the first quarter. BlackRock Inc. now owns 15,406,248 shares of the information technology services provider’s stock worth $326,459,000 after buying an additional 15,172,817 shares during the period. FMR LLC raised its position in Sabre Corp by 10.7% in the first quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock worth $227,434,000 after buying an additional 1,038,669 shares during the period. Finally, Burgundy Asset Management Ltd. raised its position in Sabre Corp 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 worth $197,739,000 after buying an additional 393,440 shares during the period.

Sabre Corp 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.

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