Sabre Corporation (NASDAQ:SABR) Receives $2.35 Consensus Target Price from Analysts
by Renee Jackson · The Cerbat GemSabre Corporation (NASDAQ:SABR – Get Free Report) has been given an average recommendation of “Reduce” by the six analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2.35.
Several brokerages have recently weighed in on SABR. Zacks Research upgraded shares of Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $2.00 price target on shares of Sabre in a research report on Thursday, February 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $1.50 price target on shares of Sabre in a research note on Tuesday, March 3rd.
View Our Latest Analysis on SABR
Sabre Trading Down 0.7%
Shares of NASDAQ:SABR opened at $1.44 on Friday. The firm has a market capitalization of $569.04 million, a PE ratio of 1.24 and a beta of 0.85. Sabre has a 1-year low of $0.81 and a 1-year high of $3.52. The business’s 50 day moving average is $1.33 and its 200-day moving average is $1.55.
Sabre (NASDAQ:SABR – Get Free Report) last issued its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The firm had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. On average, sell-side analysts predict that Sabre will post 0.04 EPS for the current year.
Institutional Trading of Sabre
Several institutional investors have recently bought and sold shares of SABR. U S Global Investors Inc. lifted its holdings 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 during the period. Discerene Group LP grew its holdings in shares of Sabre by 34.5% in the 3rd quarter. Discerene Group LP now owns 28,565,608 shares of the information technology services provider’s stock worth $52,275,000 after purchasing an additional 7,323,272 shares during the last quarter. Third Point LLC bought a new stake in shares of Sabre in the 2nd quarter worth about $2,370,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Sabre by 183.5% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,800 shares of the information technology services provider’s stock worth $195,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Sabre by 16.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,544,061 shares of the information technology services provider’s stock worth $2,826,000 after purchasing an additional 221,960 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.
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.