Sabre Corporation (NASDAQ:SABR) Receives $3.80 Average Price Target from Brokerages

Shares of Sabre Corporation (NASDAQ:SABR) have been assigned a consensus rating of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.80.

A number of equities research analysts have recently weighed in on SABR shares. Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Zacks Research cut Sabre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research note on Tuesday. Finally, Sanford C. Bernstein upgraded shares of Sabre from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $4.00 to $3.00 in a report on Monday, August 11th.

Sabre Stock Performance

Shares of SABR opened at $1.60 on Friday. Sabre has a fifty-two week low of $1.52 and a fifty-two week high of $4.63. The firm has a market cap of $631.82 million, a price-to-earnings ratio of 1.30 and a beta of 1.55. The firm has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.31.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million for the quarter, compared to the consensus estimate of $715.32 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Sabre will post 0.04 earnings per share for the current year.

Institutional Trading of Sabre

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of Sabre by 6.3% in the first quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock worth $172,000 after purchasing an additional 3,637 shares during the last quarter. Bank of Montreal Can lifted its holdings in Sabre by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock worth $187,000 after buying an additional 4,208 shares during the period. Cerity Partners LLC grew its position in shares of Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after buying an additional 5,617 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Sabre by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock worth $315,000 after buying an additional 7,228 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after buying an additional 8,262 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Company Profile

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.