In the latest trading session, 0.44 million Sabre Corporation (NASDAQ:SABR) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $4.57 changed hands at -$0.05 or -1.19% at last look, the market valuation stands at $1.56B. SABR’s current price is a discount, trading about -73.3% off its 52-week high of $7.92. The share price had its 52-week low at $2.99, which suggests the last value was 34.57% up since then. When we look at Sabre Corporation’s average trading volume, we note the 10-day average is 5.79 million shares, with the 3-month average coming to 6.68 million.
Analysts gave the Sabre Corporation (SABR) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended SABR as a Hold, 1 felt it is a Buy and 1 rated the stock as Underweight. Sabre Corporation’s EPS for the current quarter is expected to be -$0.06.
Sabre Corporation (NASDAQ:SABR) trade information
Instantly SABR was in red as seen in intraday trades today. With action -4.10%, the performance over the past five days has been red. The drop to weekly highs of 4.85 on Friday, 09/15/23 subtracted -1.19% to the stock’s daily price. The company’s shares are showing year-to-date downside of -26.13%, with the 5-day performance at -4.10% in the red. However, in the 30-day time frame, Sabre Corporation (NASDAQ:SABR) is -9.24% down. Looking at the short shares, we see there were 37.05 million shares sold at short interest cover period of 4.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.60, meaning bulls need an upside of 18.39% from its recent market value. According to analyst projections, SABR’s forecast low is $3.50 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -118.82% plunge from its current level, while the stock would need to tank 23.41% for it to hit the projected low.
Sabre Corporation (SABR) estimates and forecasts
Data shows that the Sabre Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.65% over the past 6 months, a 57.02% in annual growth rate that is considerably higher than the industry average of 15.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sabre Corporation will rise 76.00%, while the growth in revenue is estimated to hit 86.80% for the next quarter. Year-over-year growth is forecast to reach 15.30% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $738.52 million. 3 analysts are of the opinion that Sabre Corporation’s revenue for the quarter ending Dec 2023 will be $701.91 million. The company’s revenue for the corresponding quarters a year ago was $663.39 million and $631.18 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.30%. The estimates for the next quarter sales put growth at 11.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.20%. The 2023 estimates are for Sabre Corporation earnings to increase by 52.70%.
Sabre Corporation is expected to release its next quarterly earnings report between October 31 and November 06.
Sabre Corporation (NASDAQ:SABR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.11% of Sabre Corporation shares while 104.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.93%. There are 104.68% institutions holding the Sabre Corporation stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 15.39% of the shares, roughly 51.15 million SABR shares worth $232.74 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 10.91% or 36.25 million shares worth $164.92 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 23.44 million shares estimated at $106.65 million under it, the former controlled 7.05% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.10% of the shares, roughly 10.31 million shares worth around $46.9 million.