Sabre Corporation (NASDAQ:SABR) Receives Average Rating of “Reduce” from Brokerages

Sabre Corporation (NASDAQ:SABR) has earned an average recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $2.35.

A number of brokerages recently weighed in on SABR. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $2.00 price target on shares of Sabre in a research note on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research report on Tuesday, March 3rd.

Institutional Trading of Sabre

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

Sabre Trading Up 2.5%

NASDAQ SABR opened at $1.63 on Tuesday. Sabre has a 12 month low of $0.81 and a 12 month high of $3.86. The stock has a market cap of $644.13 million, a PE ratio of 1.41 and a beta of 1.02. The stock’s 50 day moving average is $1.26 and its 200 day moving average is $1.58.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $666.53 million for the quarter, compared to analysts’ expectations of $654.08 million. On average, analysts forecast that Sabre will post 0.04 EPS for the current fiscal 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.