Sabre (NASDAQ:SABR) Price Target Lowered to $3.50 at Morgan Stanley

Sabre (NASDAQ:SABR) had its price target trimmed by Morgan Stanley from $5.00 to $3.50 in a report issued on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.50 to $6.10 in a report on Tuesday, March 4th. StockNews.com upgraded Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Sabre has an average rating of “Hold” and a consensus price target of $4.28.

Sabre Price Performance

NASDAQ:SABR opened at $2.03 on Wednesday. Sabre has a 1 year low of $1.93 and a 1 year high of $4.63. The stock’s fifty day moving average price is $3.19 and its two-hundred day moving average price is $3.45. The company has a market cap of $783.72 million, a P/E ratio of -2.82, a P/E/G ratio of 2.43 and a beta of 1.39.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. On average, analysts expect that Sabre will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in shares of Sabre by 744.8% during 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 purchasing an additional 8,454 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Sabre by 173.2% during the 4th 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 in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Sabre during the first quarter valued at $28,000. MML Investors Services LLC purchased a new stake in shares of Sabre in the third quarter worth $45,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Sabre during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.