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

Shares of Sabre Corporation (NASDAQ:SABR – Get Free Report) have been given an average recommendation of “Reduce” by the six brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1.9667.

A number of research analysts recently commented on the company. Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $2.00 price objective on shares of Sabre in a research note on Thursday, February 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1.50 price objective on shares of Sabre in a research note on Tuesday, March 3rd.

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Sabre Stock Down 6.1%

SABR opened at $1.86 on Thursday. The stock has a market cap of $735.28 million, a PE ratio of 1.71 and a beta of 0.99. Sabre has a 52 week low of $0.81 and a 52 week high of $3.52. The business’s fifty day simple moving average is $1.73 and its 200 day simple moving average is $1.50.

Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million during the quarter, compared to the consensus estimate of $739.02 million. As a group, equities analysts anticipate that Sabre will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC bought a new position in shares of Sabre during the first quarter valued at about $25,000. Wealthspire Retirement LLC bought a new stake in shares of Sabre in the first quarter worth about $25,000. Oak Thistle LLC bought a new stake in shares of Sabre in the fourth quarter worth about $27,000. GSA Capital Partners LLP bought a new stake in shares of Sabre in the third quarter worth about $32,000. Finally, Diligent Investors LLC bought a new stake in shares of Sabre in the third quarter worth about $35,000. 89.42% of the stock is owned by institutional investors.

Sabre Company Profile

(Get Free Report)

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.

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