Sabre Corporation (NASDAQ:SABR) Receives $3.80 Average Price Target from Analysts

Sabre Corporation (NASDAQ:SABR) has received a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.80.

Several research analysts have recently commented on SABR shares. Rothschild & Co Redburn lowered Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective for the company. in a report on Friday. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a research note on Sunday, August 10th. Finally, Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $4.00 to $3.00 in a research note on Monday, August 11th.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Sabre by 2.3% in the first quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider’s stock worth $117,445,000 after buying an additional 936,578 shares in the last quarter. Discerene Group LP lifted its position in Sabre by 11.2% in the second quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock valued at $67,126,000 after purchasing an additional 2,132,064 shares during the last quarter. Par Capital Management Inc. lifted its position in Sabre by 57.7% in the second quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after purchasing an additional 7,082,948 shares during the last quarter. Erste Asset Management GmbH lifted its position in Sabre by 10.1% in the first quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider’s stock valued at $30,436,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, U S Global Investors Inc. lifted its position in Sabre by 23.3% in the second quarter. U S Global Investors Inc. now owns 5,646,761 shares of the information technology services provider’s stock valued at $17,844,000 after purchasing an additional 1,067,750 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 1.1%

Shares of NASDAQ SABR opened at $1.81 on Friday. Sabre has a 12 month low of $1.73 and a 12 month high of $4.63. The firm has a market capitalization of $714.06 million, a price-to-earnings ratio of -1.99 and a beta of 1.47. The business has a 50-day moving average of $2.88 and a 200-day moving average of $2.94.

Sabre (NASDAQ:SABR) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) EPS for the quarter. The firm had revenue of $687.15 million during the quarter, compared to the consensus estimate of $718.16 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Sabre will post 0.04 earnings per share for the current year.

About Sabre

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.