Sabre (NASDAQ:SABR) Upgraded at StockNews.com

StockNews.com upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Separately, Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.50.

Sabre Trading Down 5.1 %

Shares of NASDAQ SABR opened at $3.76 on Monday. The firm has a market capitalization of $1.45 billion, a PE ratio of -4.76 and a beta of 1.80. Sabre has a 1 year low of $1.81 and a 1 year high of $4.63. The firm’s 50-day moving average is $3.68 and its 200-day moving average is $3.28.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. As a group, equities research analysts anticipate that Sabre will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several hedge funds have recently bought and sold shares of SABR. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $26,000. Wellington Wealth Strategies LLC. acquired a new stake in Sabre during the 2nd quarter worth approximately $32,000. International Assets Investment Management LLC raised its holdings in Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after buying an additional 6,582 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Sabre during the 2nd quarter worth approximately $34,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Sabre during the 2nd quarter worth approximately $35,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Sabre Company Profile

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.