Sabre Co. (NASDAQ:SABR) Receives $5.88 Average PT from Brokerages

Sabre Co. (NASDAQ:SABR – Get Rating) has received a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.88.

SABR has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Sabre in a research report on Wednesday. They set an “underperform” rating and a $4.00 target price on the stock. Bank of America downgraded shares of Sabre from a “buy” rating to an “underperform” rating and dropped their target price for the company from $11.00 to $7.00 in a research report on Wednesday, January 11th. Finally, Morgan Stanley dropped their target price on shares of Sabre from $7.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, February 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. bought a new stake in Sabre in the 3rd quarter worth about $32,927,000. JPMorgan Chase & Co. boosted its stake in shares of Sabre by 438.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,295,331 shares of the information technology services provider’s stock worth $26,544,000 after buying an additional 3,496,916 shares during the last quarter. Contrarius Investment Management Ltd boosted its stake in shares of Sabre by 1,201.6% in the 2nd quarter. Contrarius Investment Management Ltd now owns 3,247,731 shares of the information technology services provider’s stock worth $18,934,000 after buying an additional 2,998,214 shares during the last quarter. Morgan Stanley boosted its stake in shares of Sabre by 139.3% in the 4th quarter. Morgan Stanley now owns 5,045,079 shares of the information technology services provider’s stock worth $31,179,000 after buying an additional 2,936,382 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Sabre in the 2nd quarter worth approximately $13,481,000.

Sabre Stock Performance

NASDAQ:SABR opened at $4.50 on Wednesday. The firm’s fifty day moving average is $6.27 and its 200-day moving average is $6.01. Sabre has a 52 week low of $4.33 and a 52 week high of $11.77. The firm has a market cap of $1.48 billion, a P/E ratio of -3.21 and a beta of 1.84.

Sabre (NASDAQ:SABR – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The information technology services provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). The firm had revenue of $631.18 million for the quarter, compared to the consensus estimate of $673.88 million. As a group, sell-side analysts anticipate that Sabre will post -0.9 earnings per share for the current year.

Sabre Company Profile

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Sabre Corp. is a technology solutions provider to the global travel and tourism industry. It provides data-driven business intelligence, mobile, distribution and software-as-a-service solutions. The firm operates through the following segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment provides global travel for suppliers and buyers through a business-to-business travel marketplace.