Sabre Co. (NASDAQ:SABR) Receives Average Recommendation of “Hold” from Analysts

Sabre Co. (NASDAQ:SABR) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.00.

Several equities analysts have issued reports on the company. Bank of America cut their price objective on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Cantor Fitzgerald initiated coverage on shares of Sabre in a report on Wednesday, February 21st. They set an “overweight” rating and a $5.00 price objective on the stock. Finally, Mizuho dropped their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th.

Sabre Price Performance

Sabre stock opened at $2.58 on Monday. The firm has a market capitalization of $979.08 million, a P/E ratio of -1.78 and a beta of 1.69. The stock has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $3.43. Sabre has a 52-week low of $1.81 and a 52-week high of $5.76.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $687.05 million for the quarter, compared to analysts’ expectations of $707.89 million. On average, equities research analysts predict that Sabre will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SABR. Vanguard Group Inc. boosted its stake in Sabre by 10.1% in the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock valued at $179,201,000 after acquiring an additional 3,665,465 shares during the last quarter. Norges Bank acquired a new position in shares of Sabre in the 4th quarter valued at $9,139,000. Goldman Sachs Group Inc. boosted its position in shares of Sabre by 89.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after purchasing an additional 1,761,499 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Sabre during the fourth quarter worth $3,586,000. Finally, ARGA Investment Management LP increased its holdings in Sabre by 114.8% in the fourth quarter. ARGA Investment Management LP now owns 1,284,656 shares of the information technology services provider’s stock valued at $5,652,000 after purchasing an additional 686,620 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.