Brokerages Set Sabre Corporation (NASDAQ:SABR) PT at $1.97

Shares of Sabre Corporation (NASDAQ:SABR) have earned an average recommendation of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.9667.

Separately, Weiss Ratings upgraded shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd.

Sabre Price Performance

Shares of NASDAQ SABR opened at $1.85 on Monday. The business has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.55. The company has a market capitalization of $731.32 million, a price-to-earnings ratio of 1.70 and a beta of 0.96. Sabre has a 1 year low of $0.81 and a 1 year high of $3.29.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analysts’ expectations of $739.02 million. As a group, equities research analysts expect that Sabre will post -0.13 earnings per share for the current year.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC purchased a new position in Sabre during the 1st quarter worth approximately $25,000. Wealthspire Retirement LLC acquired a new stake in Sabre during the 1st quarter worth $25,000. Diligent Investors LLC purchased a new stake in Sabre during the 3rd quarter valued at approximately $35,000. Oak Thistle LLC purchased a new stake in shares of Sabre during the fourth quarter worth approximately $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sabre by 970.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 22,361 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Company Profile

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.