Sabre (SABR) Cut to “Sell” at Zacks Investment Research

Sabre (NASDAQ:SABR) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

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Several other research firms also recently commented on SABR. Imperial Capital initiated coverage on shares of Sabre in a research note on Thursday. They issued an “outperform” rating and a $30.00 price target on the stock. Mizuho reaffirmed a “buy” rating and issued a $25.00 price target on shares of Sabre in a research note on Thursday, January 25th. BidaskClub downgraded shares of Sabre from a “sell” rating to a “strong sell” rating in a research note on Friday, March 16th. Evercore ISI downgraded shares of Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, Cowen reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sabre in a research note on Wednesday, March 7th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Sabre has an average rating of “Hold” and a consensus price target of $24.00.

SABR stock opened at $20.70 on Thursday. The stock has a market capitalization of $5,882.20, a P/E ratio of 15.88, a P/E/G ratio of 2.27 and a beta of 0.60. Sabre has a 12 month low of $17.30 and a 12 month high of $25.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 4.87.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Wednesday, February 14th. The information technology services provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The company had revenue of $881.90 million for the quarter, compared to the consensus estimate of $863.54 million. Sabre had a net margin of 6.74% and a return on equity of 53.65%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. equities research analysts expect that Sabre will post 1.25 EPS for the current fiscal year.

In other Sabre news, major shareholder Group Holdings (Sbs) Advis Tpg sold 8,869,643 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $22.27, for a total transaction of $197,526,949.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in SABR. Schwab Charles Investment Management Inc. boosted its holdings in shares of Sabre by 13.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 791,995 shares of the information technology services provider’s stock valued at $14,336,000 after buying an additional 95,951 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sabre by 44.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,065,820 shares of the information technology services provider’s stock valued at $19,293,000 after buying an additional 328,454 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in shares of Sabre by 15.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 54,043 shares of the information technology services provider’s stock valued at $989,000 after buying an additional 7,084 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Sabre by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 258,895 shares of the information technology services provider’s stock valued at $4,686,000 after buying an additional 27,895 shares in the last quarter. Finally, Aurora Investment Counsel bought a new stake in shares of Sabre in the 4th quarter valued at about $2,221,000.

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About Sabre

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.

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