Brokerage firm Oppenheimer Maintains its rating on Sabre Corp(NASDAQ:SABR). In a research note issued to the investors, the brokerage major Lowers the price-target to $32.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 3, 2016.
In a different note, On Jun 1, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on Sabre Corp. The shares have been rated ‘Buy’ by the firm.
Sabre Corp (SABR) made into the market gainers list on Fridays trading session with the shares advancing 1.71% or 0.46 points. Due to strong positive momentum, the stock ended at $27.3, which is also near the day’s high of $27.305. The stock began the session at $26.93 and the volume stood at 38,78,425 shares. The 52-week high of the shares is $30.455 and the 52 week low is $22.0301. The company has a current market capitalization of $7,591 M and it has 27,80,69,940 shares in outstanding.
Sabre Corp(SABR) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $845.24M. Analysts had an estimated revenue of $852.33M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.36.
Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Hugh W Jones (Executive Vice President) sold 106,036 shares at $26.98 per share price.Also, On Jul 5, 2016, Lawrence W Kellner (director) sold 25,000 shares at $26.86 per share price.On Jun 21, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $27.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.