BidaskClub upgraded shares of Sabre (NASDAQ:SABR) from a strong sell rating to a sell rating in a research report report published on Saturday morning.
A number of other analysts also recently weighed in on SABR. Oppenheimer reiterated a buy rating and set a $24.00 target price on shares of Sabre in a research report on Wednesday, November 1st. Zacks Investment Research raised Sabre from a sell rating to a hold rating in a report on Saturday, November 4th. TheStreet raised Sabre from a c rating to a b- rating in a report on Monday, November 27th. Evercore ISI cut Sabre from an outperform rating to an underperform rating in a report on Friday, January 5th. Finally, Mizuho reissued a buy rating and set a $25.00 price target on shares of Sabre in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $22.67.
Shares of Sabre (SABR) opened at $23.26 on Friday. The firm has a market capitalization of $6,383.62, a price-to-earnings ratio of 26.43, a PEG ratio of 5.58 and a beta of 0.72. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 4.87. Sabre has a 1 year low of $17.30 and a 1 year high of $25.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.41%. Sabre’s dividend payout ratio (DPR) is currently 63.64%.
Several institutional investors have recently bought and sold shares of SABR. Burgundy Asset Management Ltd. increased its holdings in Sabre by 29.3% in the 4th quarter. Burgundy Asset Management Ltd. now owns 13,976,268 shares of the information technology services provider’s stock worth $286,513,000 after purchasing an additional 3,169,837 shares in the last quarter. State Street Corp increased its holdings in Sabre by 72.5% in the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock worth $141,819,000 after purchasing an additional 2,738,529 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Sabre by 70.4% in the 4th quarter. Mackenzie Financial Corp now owns 4,388,602 shares of the information technology services provider’s stock worth $89,966,000 after purchasing an additional 1,812,947 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Sabre by 19.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,176,740 shares of the information technology services provider’s stock worth $65,122,000 after purchasing an additional 512,788 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new position in Sabre in the 4th quarter worth about $64,563,000.
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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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