Sabre (SABR) Price Target Increased to $27.00 by Analysts at Morgan Stanley

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Sabre (NASDAQ:SABR) had its price target increased by investment analysts at Morgan Stanley from $26.00 to $27.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the information technology services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 9.53% from the stock’s current price.

Several other research analysts have also weighed in on the company. Imperial Capital set a $33.00 target price on Sabre and gave the stock a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. BidaskClub raised Sabre from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research lowered Sabre from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine lowered Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Cowen set a $30.00 target price on Sabre and gave the stock a “buy” rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Sabre currently has an average rating of “Hold” and an average target price of $28.00.

NASDAQ:SABR opened at $24.65 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 3.58. Sabre has a 1-year low of $17.91 and a 1-year high of $26.78. The firm has a market cap of $6.68 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67.

Sabre (NASDAQ:SABR) last issued its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Sabre had a return on equity of 45.54% and a net margin of 8.76%. The company had revenue of $970.28 million for the quarter, compared to analyst estimates of $944.97 million. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Sabre will post 1.31 EPS for the current year.

In other news, Director Lawrence W. Kellner sold 15,000 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $25.00, for a total transaction of $375,000.00. Following the transaction, the director now owns 229,219 shares of the company’s stock, valued at approximately $5,730,475. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judy C. Odom sold 10,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. Following the transaction, the director now directly owns 41,039 shares in the company, valued at approximately $1,016,946.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,427,216 shares of company stock worth $406,162,833. 0.67% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Hawaiian Bank bought a new stake in Sabre during the 3rd quarter valued at approximately $122,000. Cornerstone Wealth Management LLC bought a new stake in Sabre during the 3rd quarter valued at approximately $322,000. Russell Investments Group Ltd. bought a new stake in Sabre during the 2nd quarter valued at approximately $156,000. Cerebellum GP LLC bought a new stake in Sabre during the 3rd quarter valued at approximately $185,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Sabre during the 2nd quarter valued at approximately $209,000.

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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