Sabre Corporation (SABR) PT Set at $23.00 by Cowen and Company

Sabre Corporation (NASDAQ:SABR) has been assigned a $23.00 price target by investment analysts at Cowen and Company in a report released on Thursday. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s target price indicates a potential upside of 27.00% from the stock’s previous close.

SABR has been the topic of several other reports. Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target (down from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Finally, Jefferies Group LLC upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.63.

Shares of Sabre Corporation (NASDAQ SABR) traded up 0.61% during midday trading on Thursday, reaching $18.11. 1,257,644 shares of the company were exchanged. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35. The company has a market capitalization of $5.05 billion, a PE ratio of 38.21 and a beta of 0.74. The firm’s 50 day moving average is $18.17 and its 200-day moving average is $20.90.

Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. During the same period in the previous year, the business earned $0.37 earnings per share. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

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In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Creative Planning increased its stake in Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares in the last quarter. Advisor Group Inc. increased its stake in Sabre Corporation by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Sabre Corporation by 21.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after purchasing an addit

SABR has been the topic of several other reports. Goldman Sachs Group, Inc. (The) cut shares of Sabre Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $20.00 in a research report on Monday, September 11th. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research upgraded shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target (down from $25.00) on shares of Sabre Corporation in a research report on Monday, October 9th. Finally, Jefferies Group LLC upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.63.

Shares of Sabre Corporation (NASDAQ SABR) traded up 0.61% during midday trading on Thursday, reaching $18.11. 1,257,644 shares of the company were exchanged. Sabre Corporation has a 52-week low of $17.30 and a 52-week high of $27.35. The company has a market capitalization of $5.05 billion, a PE ratio of 38.21 and a beta of 0.74. The firm’s 50 day moving average is $18.17 and its 200-day moving average is $20.90.

Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The firm had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. During the same period in the previous year, the business earned $0.37 earnings per share. Sabre Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/14/sabre-corporation-sabr-pt-set-at-23-00-by-cowen-and-company.html.

In related news, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total value of $726,332.00. Following the completion of the transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Creative Planning increased its stake in Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 205 shares in the last quarter. Advisor Group Inc. increased its stake in Sabre Corporation by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock worth $121,000 after purchasing an additional 2,029 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Sabre Corporation by 21.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after purchasing an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Sabre Corporation in the 2nd quarter worth about $203,000. Finally, Parametrica Management Ltd purchased a new position in Sabre Corporation in the 2nd quarter worth about $206,000.

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.

Analyst Recommendations for Sabre Corporation (NASDAQ:SABR)

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