Analysts Set Sabre Corporation (NASDAQ:SABR) Target Price at $3.80

Shares of Sabre Corporation (NASDAQ:SABR) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.80.

A number of brokerages have issued reports on SABR. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sabre in a report on Monday, December 15th.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently modified their holdings of SABR. Hsbc Holdings PLC increased its stake in shares of Sabre by 6.3% during the first quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock valued at $172,000 after purchasing an additional 3,637 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Sabre by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock worth $187,000 after buying an additional 4,208 shares during the last quarter. Cerity Partners LLC increased its position in Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after buying an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Sabre by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock valued at $315,000 after buying an additional 7,228 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Sabre by 17.8% during the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after buying an additional 8,262 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Sabre Stock Performance

NASDAQ:SABR opened at $1.48 on Thursday. The company has a market capitalization of $584.44 million, a PE ratio of 1.20 and a beta of 1.07. Sabre has a fifty-two week low of $1.46 and a fifty-two week high of $4.63. The company has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $2.18.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to analyst estimates of $715.32 million. Sabre’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. Research analysts predict that Sabre will post 0.04 EPS for the current year.

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.