BidaskClub Downgrades Sabre (SABR) to Hold

Sabre (NASDAQ:SABR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Sabre from a “buy” rating to a “hold” rating in a report on Thursday. Imperial Capital set a $33.00 price objective on Sabre and gave the stock a “buy” rating in a research note on Monday, November 19th. Morgan Stanley lifted their price objective on Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Deutsche Bank downgraded Sabre from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Thursday, December 13th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.00.

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NASDAQ SABR opened at $22.53 on Friday. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.14 and a current ratio of 1.17. Sabre has a 12 month low of $19.71 and a 12 month high of $26.78. The company has a market capitalization of $6.20 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.60 and a beta of 0.84.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Sabre had a return on equity of 43.59% and a net margin of 8.73%. The company had revenue of $923.90 million for the quarter, compared to analysts’ expectations of $930.19 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts forecast that Sabre will post 1.45 earnings per share for the current year.

In other Sabre news, VP Jami Kindle sold 8,719 shares of Sabre stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $26.05, for a total value of $227,129.95. Following the sale, the vice president now owns 17,013 shares of the company’s stock, valued at approximately $443,188.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Judson Wade Jones sold 7,064 shares of Sabre stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $25.07, for a total value of $177,094.48. Following the completion of the sale, the insider now directly owns 30,932 shares in the company, valued at approximately $775,465.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,727 shares of company stock worth $552,884. Corporate insiders own 0.67% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SABR. Vanguard Group Inc increased its position in shares of Sabre by 18.2% during the 3rd quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after purchasing an additional 3,669,394 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sabre by 18.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after purchasing an additional 3,669,394 shares during the last quarter. BlackRock Inc. increased its position in shares of Sabre by 12.0% during the 4th quarter. BlackRock Inc. now owns 26,366,015 shares of the information technology services provider’s stock valued at $570,560,000 after purchasing an additional 2,823,695 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Sabre by 2,281.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,374,189 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 2,274,514 shares during the last quarter. Finally, Fundsmith LLP bought a new position in shares of Sabre during the 4th quarter valued at approximately $48,969,000. 96.69% of the stock is currently owned by institutional investors and hedge funds.

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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