Sabre Corporation (NASDAQ:SABR) Given Average Recommendation of “Reduce” by Analysts

Shares of Sabre Corporation (NASDAQ:SABR) have earned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, MarketBeat 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 analysts that have issued a report on the stock in the last year is $1.9667.

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

Sabre Stock Performance

Shares of NASDAQ:SABR opened at $1.65 on Thursday. Sabre has a 1 year low of $0.81 and a 1 year high of $3.52. The stock has a market capitalization of $652.26 million, a P/E ratio of 1.51 and a beta of 0.99. The stock has a 50-day simple moving average of $1.70 and a 200-day simple moving average of $1.50.

Sabre (NASDAQ:SABR) last issued its earnings results 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 firm had revenue of $760.33 million for the quarter, compared to analysts’ expectations of $739.02 million. Analysts predict that Sabre will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

A number of institutional investors and hedge funds have recently bought and sold shares of SABR. Royal Bank of Canada boosted its holdings in Sabre by 46.9% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sabre by 4.6% in 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 acquiring an additional 9,923 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Sabre in the 1st quarter worth approximately $140,000. Jones Financial Companies Lllp boosted its holdings in 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 worth $806,000 after acquiring an additional 208,371 shares during the period. Finally, United Services Automobile Association purchased a new position in Sabre in the 1st quarter worth approximately $80,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.