Sabre Corporation (NASDAQ:SABR) Receives $1.75 Consensus PT from Brokerages

Sabre Corporation (NASDAQ:SABR) has received an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $1.75.

A number of brokerages recently weighed in on SABR. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Institutional Investors Weigh In On Sabre

Several institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in Sabre during the 2nd quarter worth $69,000. Engineers Gate Manager LP acquired a new position in shares of Sabre in the 2nd quarter valued at $31,000. Squarepoint Ops LLC acquired a new position in shares of Sabre in the 2nd quarter valued at $492,000. Corient Private Wealth LP purchased a new position in Sabre in the 2nd quarter worth $62,000. Finally, AXQ Capital LP purchased a new position in Sabre in the 2nd quarter worth $283,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Stock Down 3.5%

Shares of NASDAQ:SABR opened at $2.19 on Monday. The firm has a 50 day moving average of $2.06 and a 200 day moving average of $1.84. The company has a market capitalization of $883.85 million, a price-to-earnings ratio of 1.33 and a beta of 1.00. Sabre has a 52 week low of $0.81 and a 52 week high of $2.50.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The business had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. On average, sell-side analysts expect that Sabre will post -0.21 EPS for the current year.

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company’s products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.