Oppenheimer analyst Jed Kelly maintained a Buy rating on Sabre (SABR) yesterday and set a price target of $28. The company’s shares closed yesterday at $23.81.
Kelly commented:
“We are maintaining our $28 PT after SABR provided solid ’19 FCF guidance ($485M; +10% y/y), despite lowering its EPS outlook on a reduced capitalized mix from accelerating its cloud migration. We see new technology disclosure providing a better assessment of SABR’s platform investments to its closest competitor. Initial ’19 revenue guidance (+5% y/y), 1% below Street on AS/HS contract attrition. Guidance implies stable macro and TN market share, while management believes AS now positioned for new wins, although 1%-3% limits enthusiasm, despite JetBlue renewal. HS missed again on digital marketing softness, but expected to be less of a drag in ’19. Stock currently yields 8% our ’20E FCF, attractive for a company scaling long- term travel technology trends, in our view. Maintain Outperform.”
According to TipRanks.com, Kelly is ranked #1134 out of 5146 analysts.
Currently, the analyst consensus on Sabre is a Moderate Buy with an average price target of $26.50.
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Based on Sabre’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $73.01 million. In comparison, last year the company had a net profit of $82.09 million.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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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 and Airline & Hospitality Solutions.
