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

Sabre Corporation (NASDAQ:SABR) has been assigned a consensus rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $1.9667.

Several equities analysts have recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $1.50 target price on shares of Sabre in a research note on Tuesday, March 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $2.00 target price on shares of Sabre in a research note on Thursday, February 19th. Weiss Ratings upgraded Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th.

Sabre Trading Down 0.6%

Sabre stock opened at $1.65 on Thursday. The stock has a market cap of $652.26 million, a P/E ratio of 1.51 and a beta of 0.99. The stock has a 50 day moving average of $1.70 and a 200-day moving average of $1.50. Sabre has a 52 week low of $0.81 and a 52 week high of $3.52.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. As a group, equities analysts predict that Sabre will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sabre

Several institutional investors and hedge funds have recently made changes to their positions in SABR. Discerene Group LP raised its position in shares of Sabre by 34.9% during the 4th quarter. Discerene Group LP now owns 38,523,820 shares of the information technology services provider’s stock valued at $52,392,000 after acquiring an additional 9,958,212 shares in the last quarter. Par Capital Management Inc. raised its position in shares of Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after acquiring an additional 7,082,948 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of Sabre during the 4th quarter valued at approximately $7,377,000. Ampfield Management L.P. acquired a new stake in shares of Sabre during the 1st quarter valued at approximately $7,505,000. Finally, Stonehill Capital Management LLC acquired a new stake in shares of Sabre during the 4th quarter valued at approximately $6,660,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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.