Sabre Corp (SABR) is Initiated by Sterne Agee CRT to Buy, Price Target at $33

Sabre Corp (SABR) was Initiated by Sterne Agee CRT to “Buy” and the brokerage firm has set the Price Target at $33. Sterne Agee CRT advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Sabre Corp. Pacific Crest Initiated Sabre Corp on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $35.Company shares were Reiterated by Mizuho on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 32 from a previous price target of $34 .

On the company’s financial health, Sabre Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.26. The company had revenue of $758.50 million for the quarter, compared to analysts expectations of $763.54 million. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Sabre Corp closed down -0.43 points or -1.49% at $28.47 with 25,65,595 shares getting traded on Monday. Post opening the session at $29.02, the shares hit an intraday low of $28.445 and an intraday high of $29.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 30, 2016, William G Jr Robinson (Executive Vice President) sold 8,069 shares at $27.50 per share price. According to the SEC, on Mar 30, 2016, Deborah Kerr (Executive Vice President) sold 45,000 shares at $28.00 per share price. On Mar 23, 2016, Alexander S Alt (President & GM of SHS) sold 2,335 shares at $27.43 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.

Sabre Corp

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