Analysts Set Sabre Corporation (NASDAQ:SABR) PT at $3.80

Shares of Sabre Corporation (NASDAQ:SABR) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $3.80.

Several equities research analysts have recently issued reports on SABR shares. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $4.00 to $3.00 in a report on Monday, August 11th. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Rothschild & Co Redburn cut Sabre from a “buy” rating to a “neutral” rating and set a $2.40 target price on the stock. in a report on Friday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sabre in a research report on Wednesday. Finally, Redburn Atlantic lowered Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC purchased a new position in Sabre in the first quarter worth about $31,000. Triangle Securities Wealth Management purchased a new position in shares of Sabre during the second quarter valued at approximately $33,000. Park Avenue Securities LLC purchased a new position in shares of Sabre during the second quarter valued at approximately $34,000. 626 Financial LLC purchased a new position in shares of Sabre during the second quarter valued at approximately $35,000. Finally, Abacus Planning Group Inc. purchased a new position in shares of Sabre during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 1.1%

Shares of SABR stock opened at $1.79 on Friday. Sabre has a 12-month low of $1.69 and a 12-month high of $4.63. The stock’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.44. The stock has a market capitalization of $706.17 million, a price-to-earnings ratio of -1.97 and a beta of 1.52.

Sabre (NASDAQ:SABR) last issued its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $687.15 million during the quarter, compared to analysts’ expectations of $718.16 million. During the same quarter last year, the business earned ($0.05) earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. As a group, research analysts predict that Sabre will post 0.04 EPS for the current fiscal year.

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.