Sabre (NASDAQ:SABR) Earns Neutral Rating from Cantor Fitzgerald

Sabre (NASDAQ:SABR)‘s stock had its “neutral” rating reaffirmed by research analysts at Cantor Fitzgerald in a report issued on Tuesday, MarketBeat Ratings reports. They presently have a $4.00 target price on the information technology services provider’s stock, down from their prior target price of $5.00. Cantor Fitzgerald’s target price indicates a potential upside of 12.68% from the stock’s current price.

Several other research analysts have also recently commented on SABR. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.25.

Sabre Stock Performance

NASDAQ:SABR opened at $3.55 on Tuesday. The company has a 50-day moving average of $3.71 and a 200-day moving average of $3.36. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -4.49 and a beta of 1.80. Sabre has a twelve month low of $1.81 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Sabre will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Sabre

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 3,116 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Sabre by 4.4% in the 2nd quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock valued at $206,000 after purchasing an additional 3,270 shares during the period. Xponance Inc. boosted its position in shares of Sabre by 15.5% in the 2nd quarter. Xponance Inc. now owns 27,554 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 3,689 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after purchasing an additional 5,323 shares during the period. Finally, nVerses Capital LLC increased its holdings in Sabre by 25.0% in the third quarter. nVerses Capital LLC now owns 27,000 shares of the information technology services provider’s stock valued at $99,000 after purchasing an additional 5,400 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

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.