Sabre Corporation (NASDAQ:SABR) Stock Has Consensus Price Target of $1.75

Sabre Corporation (NASDAQ:SABR) has been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $1.75.

A number of brokerages have issued reports on SABR. Citigroup reissued a “buy” rating on shares of Sabre in a report on Thursday, August 27th. Weiss Ratings downgraded Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in Sabre during the 2nd quarter worth about $69,000. Engineers Gate Manager LP bought a new position in Sabre in the 2nd quarter worth about $31,000. Squarepoint Ops LLC bought a new position in Sabre in the 2nd quarter worth about $492,000. Corient Private Wealth LP purchased a new position in Sabre during the 2nd quarter valued at about $62,000. Finally, AXQ Capital LP purchased a new position in Sabre during the 2nd quarter valued at about $283,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Trading Up 1.3%

SABR opened at $1.54 on Friday. The firm has a 50-day moving average price of $2.05 and a 200-day moving average price of $1.90. Sabre has a twelve month low of $0.81 and a twelve month high of $2.50.

Sabre (NASDAQ:SABR) last announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to the consensus estimate of $697.40 million. Equities research analysts anticipate that Sabre will post -0.21 EPS for the current fiscal year.

About Sabre

Sabre Corporation is a travel technology company that provides software, data, and marketplace services to airlines, hotels, travel agencies, corporations, and other participants in the global travel industry. Its platforms help customers search, shop, price, book, and manage travel content across air, lodging, and other travel products.

The company’s offerings include global distribution and travel marketplace capabilities, application programming interfaces, and tools such as the Sabre Red suite for travel agencies and travel sellers.