Sabre Corporation (NASDAQ:SABR) Given Average Rating of “Reduce” by Analysts

Sabre Corporation (NASDAQ:SABR) has earned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $2.35.

Several equities analysts have recently commented on SABR shares. Cantor Fitzgerald restated a “neutral” rating and issued a $2.00 target price on shares of Sabre in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently modified their holdings of the business. Oak Thistle LLC bought a new stake in shares of Sabre during the 4th quarter worth $27,000. GSA Capital Partners LLP bought a new position in Sabre in the third quarter valued at about $32,000. Diligent Investors LLC acquired a new position in Sabre during the third quarter worth about $35,000. Caprock Group LLC acquired a new position in Sabre during the third quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Sabre by 970.5% in 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 acquiring an additional 22,361 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Stock Performance

Shares of NASDAQ SABR opened at $1.59 on Tuesday. Sabre has a 52 week low of $0.81 and a 52 week high of $4.01. The stock has a market capitalization of $628.32 million, a P/E ratio of 1.37 and a beta of 1.02. The stock’s fifty day moving average is $1.26 and its 200 day moving average is $1.58.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. Equities research analysts forecast that Sabre will post 0.04 earnings per share for the current year.

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.