Sterne Agee CRT Initiates Coverage on Sabre Corp to Buy

Sterne Agee CRT Initiates Coverage on Sabre Corp(NASDAQ:SABR). The shares have been rated Buy. The rating by Sterne Agee CRT was issued on Apr 12, 2016.

In a different note, Pacific Crest said it Initiates Coverage on Sabre Corp, according to a research note issued on Mar 31, 2016. The shares have been rated ‘Overweight’ by the firm.

Sabre Corp (SABR) shares turned negative on Fridays trading session with the shares closing down -0.36 points or -1.25% at a volume of 21,75,890. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.8099. The peak price level was also seen at $28.8099 while the days lowest was $28.26. Finally the shares closed at $28.46. The 52-week high of the shares is $30.455 while the 52-week low is $22.0301. According to the latest information available, the market cap of the company is $7,833 M.

Sabre Corp(SABR) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $758.46M. Analysts had an estimated revenue of $763.79M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, William G Jr Robinson (Executive Vice President) sold 8,069 shares at $27.50 per share price.Also, 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.

Leave a Reply

Sabre Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Sabre Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.