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

Sabre Corporation (NASDAQ:SABR) has earned a consensus rating of “Reduce” from the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1.9667.

A number of research analysts have recently issued reports on SABR shares. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd.

Sabre Trading Down 1.3%

Shares of NASDAQ:SABR opened at $1.56 on Friday. The stock’s 50-day moving average price is $1.65 and its 200-day moving average price is $1.51. Sabre has a 12-month low of $0.81 and a 12-month high of $3.52. The stock has a market capitalization of $616.68 million, a P/E ratio of 1.43 and a beta of 1.01.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to the consensus estimate of $739.02 million. As a group, research analysts predict that Sabre will post -0.15 EPS for the current year.

Institutional Trading of Sabre

A number of institutional investors have recently modified their holdings of the company. Discerene Group LP boosted its holdings in shares of Sabre by 1.5% during the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after purchasing an additional 569,711 shares during the period. Par Capital Management Inc. boosted its holdings in shares of Sabre by 57.7% during the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock worth $61,146,000 after purchasing an additional 7,082,948 shares during the period. State Street Corp boosted its holdings in shares of Sabre by 2.4% during the fourth quarter. State Street Corp now owns 14,813,630 shares of the information technology services provider’s stock worth $20,147,000 after purchasing an additional 343,209 shares during the period. U S Global Investors Inc. boosted its holdings in shares of Sabre by 17.0% during the fourth quarter. U S Global Investors Inc. now owns 10,173,592 shares of the information technology services provider’s stock worth $13,836,000 after purchasing an additional 1,477,143 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Sabre by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,273,047 shares of the information technology services provider’s stock worth $12,614,000 after purchasing an additional 197,433 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sabre

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.