Analysts Set Sabre Corporation (NASDAQ:SABR) Price Target at $1.97

Sabre Corporation (NASDAQ:SABR) has been assigned a consensus recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1.9667.

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

Institutional Trading of Sabre

Several institutional investors have recently added to or reduced their stakes in the company. Discerene Group LP raised its stake in shares of Sabre by 34.5% during the third quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock valued at $52,275,000 after acquiring an additional 7,323,272 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of Sabre by 54.0% during the third quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock valued at $15,915,000 after acquiring an additional 3,049,688 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Sabre by 1.6% during the third quarter. Ninety One UK Ltd now owns 5,029,303 shares of the information technology services provider’s stock valued at $9,204,000 after acquiring an additional 78,779 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Sabre during the third quarter valued at approximately $32,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Sabre by 85.8% during the third quarter. PNC Financial Services Group Inc. now owns 38,538 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 17,792 shares in the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Price Performance

Shares of NASDAQ SABR opened at $1.82 on Wednesday. The company has a market cap of $719.21 million, a P/E ratio of 1.57 and a beta of 0.85. Sabre has a 1 year low of $0.81 and a 1 year high of $3.52. The firm has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.53.

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, topping the consensus estimate of ($0.07) by $0.06. The firm had revenue of $666.53 million during the quarter, compared to the consensus estimate of $654.08 million. As a group, equities research analysts expect that Sabre will post -0.14 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.