Sabre Corporation (NASDAQ:SABR) Receives $3.80 Average Price Target from Analysts

Sabre Corporation (NASDAQ:SABR) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.80.

A number of brokerages have commented on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research report on Monday, December 29th. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen lowered Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th.

Institutional Investors Weigh In On Sabre

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Sabre by 46.9% in the first quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock valued at $491,000 after purchasing an additional 55,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sabre by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock worth $639,000 after buying an additional 9,923 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sabre in the 1st quarter valued at $140,000. Jones Financial Companies Lllp grew its position in shares of Sabre by 265.7% in the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after buying an additional 208,371 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Sabre during the 1st quarter worth $80,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

SABR stock opened at $1.23 on Monday. The firm has a market capitalization of $485.71 million, a P/E ratio of 1.00 and a beta of 1.07. The business’s 50-day moving average is $1.54 and its two-hundred day moving average is $2.00. Sabre has a 1 year low of $1.20 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data 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 firm had revenue of $715.18 million during the quarter, compared to analyst estimates of $715.32 million. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, analysts expect 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.