Sabre Corp
SABR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$2.00 | Plcqsd | Bsqkkvlb |
Sabre Earnings: Profits Improving but Industry Air Volume Recovery Lagging Expectations
Shares tanked around 25%, as the industry’s air recovery appears set to lag prior expectations, and we have lowered narrow-moat Sabre’s fair value estimate to $5 from $8.60, leaving shares undervalued. We expect shares to remain volatile with heightened corporate travel demand uncertainty.