Information Provided By:
Fly News Breaks for December 5, 2019
Dec 5, 2019 | 06:51 EDT
Morgan Stanley analyst Josh Baer resumed coverage of Sabre with an Equal Weight rating and $26 price target. The analyst wants to see an inflection in free cash flow before getting more constructive on the shares. He believes Sabre's "solid" business momentum is priced in at current share levels.
News For SABR From the Last 2 Days
Oct 28, 2021 | 08:14 EDT
CAE (CAE) is acquiring Sabre's (SABR) AirCentre airline operations portfolio, a suite of flight and crew management and optimization solutions. The agreement, valued at $392.5M excluding post-closing adjustments, includes the Sabre AirCentre product portfolio, related technology and intellectual property as well as the transfer of AirCentre's workforce. AirCentre generated approximately $150M revenue in the 2019 calendar year and approximately $55M EBITDA for the same period. The closing of the transaction is expected in 1Q22 and is subject to customary conditions and regulatory approvals. CAE expects that the transaction will be mid-single-digit percentage EPS accretive, and even higher free cash flow accretive, for CAE within the first year post-closing.