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

Sabre Corporation (NASDAQ:SABRGet Free Report) has received a consensus recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1.9667.

Separately, Weiss Ratings raised shares of Sabre from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd.

Get Our Latest Stock Analysis on Sabre

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Sabre by 8.5% during the 1st quarter. Bank of America Corp DE now owns 1,115,316 shares of the information technology services provider’s stock worth $1,617,000 after acquiring an additional 87,499 shares in the last quarter. Discerene Group LP grew its holdings in shares of Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after acquiring an additional 569,711 shares during the last quarter. Sei Investments Co. raised its position in shares of Sabre by 467.2% during the first quarter. Sei Investments Co. now owns 136,748 shares of the information technology services provider’s stock worth $198,000 after purchasing an additional 112,637 shares during the period. Cetera Investment Advisers raised its position in shares of Sabre by 55.8% during the first quarter. Cetera Investment Advisers now owns 46,858 shares of the information technology services provider’s stock worth $68,000 after purchasing an additional 16,776 shares during the period. Finally, Wealthspire Retirement LLC purchased a new stake in shares of Sabre during the first quarter valued at $25,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Trading Up 3.3%

Shares of NASDAQ SABR opened at $1.87 on Friday. Sabre has a twelve month low of $0.81 and a twelve month high of $3.10. The firm has a 50-day moving average of $1.82 and a two-hundred day moving average of $1.59. The company has a market capitalization of $739.24 million, a price-to-earnings ratio of 1.72 and a beta of 0.96.

Sabre (NASDAQ:SABRGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $760.33 million during the quarter, compared to analyst estimates of $739.02 million. As a group, research analysts predict that Sabre will post -0.13 earnings per share for the current year.

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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Analyst Recommendations for Sabre (NASDAQ:SABR)

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