Sabre Corp is Downgraded by BofA/Merrill to ” Neutral”

Sabre Corp (SABR) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Sabre Corp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 7, 2017. Analyst had a consensus of $0.31. The company had revenue of $829.60 million for the quarter, compared to analysts expectations of $828.45 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Several company insiders have filed Insider transactions , on Feb 10, 2017, Deborah Kerr (Executive Vice President) sold 150,000 shares at $22.09 per share price. According to the SEC, on Jan 10, 2017, Richard A Simonson (Executive Vice President, CFO) sold 60,254 shares at $24.97 per share price. On Dec 19, 2016, William G Jr Robinson (Executive Vice President) sold 21,756 shares at $25.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Sabre Corp opened for trading at $22.49 and hit $22.77 on the upside on Friday, eventually ending the session at $22.77, with a gain of 1.34% or 0.3 points. The heightened volatility saw the trading volume jump to 35,51,769 shares. Company has a market cap of $6,381 M.

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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