Sabre Corporation (NASDAQ:SABR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Sabre Corporation (NASDAQ:SABR) have received a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $1.9667.

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

Sabre Price Performance

SABR stock opened at $1.60 on Friday. The company has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $1.52. The stock has a market cap of $630.52 million, a price-to-earnings ratio of 1.46 and a beta of 1.01. Sabre has a 1 year low of $0.81 and a 1 year high of $3.52.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $760.33 million for the quarter, compared to analyst estimates of $739.02 million. On average, equities research analysts anticipate that Sabre will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Institutional investors have recently modified their holdings of the company. Discerene Group LP increased its stake in shares of Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock valued at $56,686,000 after acquiring an additional 569,711 shares in the last quarter. Sei Investments Co. boosted its stake in Sabre by 467.2% during the first quarter. Sei Investments Co. now owns 136,748 shares of the information technology services provider’s stock worth $198,000 after acquiring an additional 112,637 shares in the last quarter. Cetera Investment Advisers boosted its stake in Sabre by 55.8% during the first quarter. Cetera Investment Advisers now owns 46,858 shares of the information technology services provider’s stock worth $68,000 after acquiring an additional 16,776 shares in the last quarter. Wealthspire Retirement LLC bought a new position in Sabre during the first quarter worth $25,000. Finally, Principal Financial Group Inc. boosted its stake in Sabre by 2.1% during the first quarter. Principal Financial Group Inc. now owns 1,921,514 shares of the information technology services provider’s stock worth $2,786,000 after acquiring an additional 38,802 shares in the last quarter. 89.42% of the stock is owned by institutional investors.

About Sabre

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.