.png "Sabre (NASDAQ: SABR)")
Imperial Capital analyst Adam Hackel maintained a Buy rating on Sabre (SABR) today and set a price target of $30. The company’s shares closed yesterday at $20.76, close to its 52-week low of $20.54.
Hackel said:
“We are maintaining our Outperform rating on SABR shares, while lowering our one-year price target to $30 from $33, about 45% above the recent share price.”
According to TipRanks.com, Hackel is ranked #3096 out of 5198 analysts.
Currently, the analyst consensus on Sabre is a Hold with an average price target of $24.50, representing a 18.0% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $23 price target.
See today’s analyst top recommended stocks >>
Based on Sabre’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $84.4 million. In comparison, last year the company had a net profit of $87.88 million.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SABR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It offers technology solutions including, data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The company operates through the following segments: Travel Network, Airline Solutions and Hospitality Solutions.
