In yesterday’s Wall Street session, Sabre Corporation (NASDAQ:SABR) shares traded at $3.19, down -0.93% from the previous session.
As of this writing, 9 analysts cover Sabre Corporation (NASDAQ:SABR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $3.50, we find $4.00. Given the previous closing price of $3.22, this indicates a potential upside of 24.22 percent. SABR stock price is now -8.83% away from the 50-day moving average and -36.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
There are 6 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.24 as their price target over the next twelve months.
With the price target maintained at $3.50, Bernstein recently Upgraded its rating from Underperform to Mkt Perform for Sabre Corporation (NASDAQ: SABR).
In other news, MANDEL GAIL, Director sold 715 shares of the company’s stock on May 01. The stock was sold for $2,839 at an average price of $3.97. Upon completion of the transaction, the Director now directly owns 87,663 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28, Director MANDEL GAIL sold 5,845 shares of the business’s stock. A total of $23,037 was realized by selling the stock at an average price of $3.94. This leaves the insider owning 88,378 shares of the company worth $0.28 million. Insiders disposed of 491,724 shares of company stock worth roughly $1.57 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SABR stock. A new stake in Sabre Corporation shares was purchased by CONTRARIUS INVESTMENT MANAGEMENT LTD during the first quarter worth $8,445,000. MILLENNIUM MANAGEMENT LLC invested $2,868,000 in shares of SABR during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in Sabre Corporation valued at approximately $2,445,000. CM MANAGEMENT, LLC acquired a new stake in SABR for approximately $957,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in SABR valued at around $908,000 in the second quarter.
Friday morning saw Sabre Corporation (NASDAQ: SABR) opened at $3.2400. During the past 12 months, Sabre Corporation has had a low of $2.99 and a high of $8.31. The fifty day moving average price for SABR is $3.4851 and a two-hundred day moving average price translates $5.0363 for the stock.
The latest earnings results from Sabre Corporation (NASDAQ: SABR) was released for Mar, 2023. According to the Travel Services Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.23 by 0.05. This compares to $0.12 EPS in the same period last year. The net profit margin was -22.40% and return on equity was 74.90% for SABR. The company reported revenue of $742.7 million for the quarter, compared to $584.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.98 percent. For the current quarter, analysts expect SABR to generate $714.09M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2020. Investors who held shares on 03/20/2020 were paid a $0.14 dividend.
