Sabre (NASDAQ:SABR) Lowered to “Sell” Rating by Wall Street Zen

Sabre (NASDAQ:SABR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research firms also recently issued reports on SABR. Rothschild & Co Redburn downgraded shares of Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective on the stock. in a report on Friday, August 15th. Sanford C. Bernstein upgraded Sabre from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $4.00 to $3.00 in a research note on Monday, August 11th. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Zacks Research downgraded Sabre from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Redburn Atlantic cut Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.80.

Sabre Stock Up 2.5%

Shares of SABR stock opened at $1.88 on Friday. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The firm has a market cap of $741.68 million, a PE ratio of 1.53 and a beta of 1.55. The stock has a 50 day moving average of $1.87 and a 200-day moving average of $2.38.

Sabre (NASDAQ:SABR) last announced its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million for the quarter, compared to analyst estimates of $715.32 million. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities analysts predict that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in Sabre by 6.3% during the first quarter. Hsbc Holdings PLC now owns 61,063 shares of the information technology services provider’s stock worth $172,000 after acquiring an additional 3,637 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Sabre by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider’s stock worth $187,000 after purchasing an additional 4,208 shares during the last quarter. Cerity Partners LLC increased its position in shares of Sabre by 22.6% during the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock worth $96,000 after purchasing an additional 5,617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Sabre by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider’s stock valued at $315,000 after purchasing an additional 7,228 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Sabre by 17.8% in the second quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider’s stock valued at $173,000 after buying an additional 8,262 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

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.