Sabre Co. (NASDAQ:SABR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sabre Co. (NASDAQ:SABR) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.00.

SABR has been the topic of a number of analyst reports. Bank of America decreased their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a research note on Monday. Cantor Fitzgerald started coverage on Sabre in a research note on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective on the stock. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Mizuho decreased their price target on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Monday, March 4th.

Sabre Stock Down 2.6 %

Shares of SABR stock opened at $2.58 on Thursday. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The stock has a market cap of $979.09 million, a P/E ratio of -1.63 and a beta of 1.77. The business has a fifty day simple moving average of $2.71 and a 200-day simple moving average of $3.55.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. On average, sell-side analysts anticipate that Sabre will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Sabre by 63.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,182 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 3,563 shares in the last quarter. State of Wyoming purchased a new stake in shares of Sabre during the 4th quarter valued at about $31,000. Insigneo Advisory Services LLC purchased a new stake in shares of Sabre during the 2nd quarter valued at about $33,000. PNC Financial Services Group Inc. raised its holdings in shares of Sabre by 69.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,344 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 5,041 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Sabre by 147.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,171 shares of the information technology services provider’s stock valued at $44,000 after buying an additional 4,277 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

About Sabre

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.