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

Sabre Corporation (NASDAQ:SABR) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $1.75.

A number of equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings lowered Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th.

Hedge Funds Weigh In On Sabre

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in Sabre during the 2nd quarter worth $69,000. Engineers Gate Manager LP purchased a new stake in shares of Sabre in the second quarter valued at about $31,000. Squarepoint Ops LLC purchased a new stake in shares of Sabre in the second quarter valued at about $492,000. Corient Private Wealth LP bought a new position in shares of Sabre during the second quarter valued at about $62,000. Finally, AXQ Capital LP bought a new position in shares of Sabre during the second quarter valued at about $283,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Trading Down 3.1%

Sabre stock opened at $2.18 on Monday. Sabre has a 1-year low of $0.81 and a 1-year high of $2.50. The firm has a market capitalization of $879.80 million, a price-to-earnings ratio of 1.32 and a beta of 1.00. The firm’s fifty day moving average price is $2.08 and its two-hundred day moving average price is $1.85.

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

Sabre Company Profile

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company’s products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.