Sabre Corporation (NASDAQ:SABR) Receives $1.97 Consensus Target Price from Analysts

Shares of Sabre Corporation (NASDAQ:SABR) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1.9667.

Several equities analysts have recently issued reports on SABR shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Sanford C. Bernstein restated a “market perform” rating and set a $1.50 target price on shares of Sabre in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Sabre from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th.

Institutional Investors Weigh In On Sabre

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Sabre by 8.5% in the 1st quarter. Bank of America Corp DE now owns 1,115,316 shares of the information technology services provider’s stock valued at $1,617,000 after purchasing an additional 87,499 shares in the last quarter. Discerene Group LP raised its holdings in shares of Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock valued at $56,686,000 after purchasing an additional 569,711 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Sabre by 467.2% in the 1st quarter. Sei Investments Co. now owns 136,748 shares of the information technology services provider’s stock valued at $198,000 after purchasing an additional 112,637 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Sabre by 55.8% in the 1st quarter. Cetera Investment Advisers now owns 46,858 shares of the information technology services provider’s stock valued at $68,000 after purchasing an additional 16,776 shares in the last quarter. Finally, Wealthspire Retirement LLC acquired a new stake in shares of Sabre in the 1st quarter valued at $25,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Trading Up 2.4%

Shares of NASDAQ SABR opened at $1.74 on Thursday. The stock has a market cap of $687.84 million, a P/E ratio of 1.60 and a beta of 0.99. The business’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $1.50. Sabre has a 12-month low of $0.81 and a 12-month high of $3.52.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to analyst estimates of $739.02 million. On average, equities analysts forecast that Sabre will post -0.13 EPS for the current fiscal year.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world’s principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre’s suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.