Sabre (NASDAQ:SABR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Sabre (NASDAQ:SABR) from a strong sell rating to a hold rating in a report published on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. Sanford C. Bernstein raised shares of Sabre from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a research report on Monday. Morgan Stanley reissued a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Finally, Redburn Atlantic cut Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Sabre currently has a consensus rating of “Hold” and a consensus target price of $3.80.

Sabre Stock Performance

NASDAQ SABR opened at $1.63 on Thursday. The stock has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $2.26. Sabre has a twelve month low of $1.52 and a twelve month high of $4.63. The stock has a market capitalization of $643.67 million, a PE ratio of 1.33 and a beta of 1.07.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Sabre in the 3rd quarter worth approximately $32,000. Triangle Securities Wealth Management bought a new stake in Sabre in the second quarter valued at $33,000. Park Avenue Securities LLC bought a new stake in Sabre in the second quarter valued at $34,000. 626 Financial LLC acquired a new position in Sabre during the second quarter worth $35,000. Finally, Diligent Investors LLC bought a new position in shares of Sabre during the third quarter valued at $35,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.