According to Bloomberg Ratings, Sabre Co. (NASDAQ:SABR) has received a consensus recommendation of “Hold” from the five brokerages that cover the firm. Among these analysts, one investment analyst has given a sell rating, three have issued a hold rating, and one has provided a buy rating for the company. The average twelve-month price objective among brokers who have reported on the stock in the past year is $4.75.
On Friday, September 22nd, NASDAQ:SABR opened at $4.42. The company currently boasts a market capitalization of $1.47 billion, with a price-to-earnings ratio of -2.70 and a beta of 1.78. Sabre shares have exhibited volatility over the past year, with a 52-week low of $2.99 and a 52-week high of $7.92. Presently, the stock’s 50-day simple moving average stands at $4.74, while its two-hundred-day simple moving average is $4.06.
In terms of institutional involvement, recent filings indicate modifications made by both Vanguard Group Inc., an investment management company, and hedge funds regarding their holdings in Sabre stock. Vanguard Group Inc., for instance, increased its position in Sabre by 1% during the third quarter and now owns approximately 32 million shares worth about $166 million.
Similarly, Earnest Partners LLC experienced an uptick in holdings relative to Sabre by 14.6% during the fourth quarter — amassing roughly 17 million shares valued around $110 million as a result.
Additionally, Discerene Group LP significantly augmented its stake in Sabre during the second quarter by 89.4%, thus acquiring more than seven million shares worth approximately $49 million.
Apollo Management Holdings L.P., an alternate asset management firm, also demonstrated interest in Sabre during the first quarter, purchasing a new position estimated to be worth around $61.8 million.
State Street Corp, a financial services company headquartered in Boston, demonstrated an upward trajectory regarding their holdings as well. They increased their holdings in Sabre by 2% during the second quarter and now possess about 12 million shares worth roughly $38 million.
It is important to note that institutional investors and hedge funds collectively hold approximately 99.23% of the company’s stock.
Sabre last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported earnings per share amounting to ($0.20) for the quarter, surpassing consensus estimates by $0.08. During this period, Sabre generated revenue of $737.53 million compared to the projected figure of $704.50 million.
Analysts anticipate that for the current fiscal year, Sabre will post a loss per share of -0.63 based on group estimates’.
Baxter International Inc.
BAX
Strong Buy
Updated on: 01/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Insights and Analyst Reports on Sabre: Price Target Raised, Insider Trading Revealed
On September 24, 2023, several research analysts provided their insights and opinions on Sabre, a prominent company in the market. Mizuho, one of these analysts, recently raised their price target on Sabre from $4.00 to $5.00 and gave the stock a “neutral” rating. This adjustment stems from their thorough research report released on Monday, August 7th.
Another research firm called StockNews.com also weighed in on Sabre’s potential by initiating coverage on the company in a research report issued on Thursday, August 17th. In this report, they designated the stock as a “hold” rating.
Furthermore, Morgan Stanley expressed their perspective regarding Sabre’s performance by affirming an “equal weight” rating and assigning it a target price of $5.50 per share in a report disclosed on Friday, August 4th.
In recent news related to Sabre’s internal activities, an insider named Sean E. Menke sold 100,000 shares of the company’s stock on Friday, September 8th. The transaction took place at an average price of $5.07 per share with a cumulative value of $507,000. This particular insider now possesses 1,667,340 shares of the company’s stock directly following the completion of this sale. Considering the current market value of each share at approximately $8,453,413.80 results in quite an impressive amount owned by Mr. Menke.
Meanwhile, EVP Ann J. Bruder engaged in a transaction involving 25,000 shares where she acquired them at an average cost of $5.33 per share on Tuesday, August 8th. The total value of this purchase amounted to $133,250 for Bruder. Following this acquisition by the executive vice president is her ownership of 242,517 shares with an estimated value reaching $1,292
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