Cantor Fitzgerald Reiterates Neutral Rating for Sabre (NASDAQ:SABR)

Sabre (NASDAQ:SABR)‘s stock had its “neutral” rating reaffirmed by investment analysts at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They presently have a $4.00 price objective on the information technology services provider’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 12.38% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Sabre currently has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Trading Up 10.0 %

Shares of SABR stock traded up $0.42 during trading hours on Friday, hitting $4.57. The company’s stock had a trading volume of 8,396,208 shares, compared to its average volume of 3,565,381. The company has a 50 day moving average of $3.53 and a 200 day moving average of $3.44. The stock has a market cap of $1.76 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 1.99 and a beta of 1.79. Sabre has a 12-month low of $1.81 and a 12-month high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. As a group, analysts anticipate that Sabre will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of large investors have recently added to or reduced their stakes in SABR. International Assets Investment Management LLC raised its position in Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 6,582 shares during the period. Sterling Capital Management LLC raised its position in shares of Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Sabre in the third quarter valued at about $41,000. Finally, MML Investors Services LLC acquired a new stake in shares of Sabre in the third quarter valued at about $45,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.