In a report released yesterday, Jed Kelly from Oppenheimer maintained a Hold rating on Sabre (SABR). The company’s shares closed last Tuesday at $11.54.
According to TipRanks.com, Kelly is a 5-star analyst with an average return of 15.9% and a 56.5% success rate. Kelly covers the Technology sector, focusing on stocks such as DraftKings, CarGurus, and Square.
Currently, the analyst consensus on Sabre is a Hold with an average price target of $11.33.
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Based on Sabre’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $278 million and GAAP net loss of $310 million. In comparison, last year the company earned revenue of $984 million and had a net profit of $63.81 million.
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Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides 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. The Travel Network segment is a global B2B travel marketplace for travel suppliers and travel buyers. The Airline Solutions segment offers a portfolio of software technology products and solutions, through software-as-a-service. The Hospitality Solutions segment provides software and solutions, through SaaS and hosted delivery model, to hoteliers around the world. Sabre was founded in December 2006 and is headquartered in Southlake, TX.
