Sabre Corporation (NASDAQ:SABR) Given Consensus Recommendation of “Reduce” by Brokerages

Sabre Corporation (NASDAQ:SABR) has been given an average recommendation of “Reduce” by the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $2.35.

Several brokerages have issued reports on SABR. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $1.50 price objective on shares of Sabre in a report on Tuesday, March 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $2.00 target price on shares of Sabre in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sabre in a report on Monday, December 29th.

Institutional Investors Weigh In On Sabre

Institutional investors have recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of Sabre in the fourth quarter valued at approximately $27,000. GSA Capital Partners LLP acquired a new stake in Sabre during the 3rd quarter worth approximately $32,000. Diligent Investors LLC acquired a new stake in Sabre during the 3rd quarter worth approximately $35,000. Caprock Group LLC bought a new stake in Sabre in the 3rd quarter valued at $43,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Sabre by 970.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 22,361 shares during the period. Institutional investors own 89.42% of the company’s stock.

Sabre Stock Down 0.7%

NASDAQ:SABR opened at $1.52 on Friday. The stock’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $1.56. The firm has a market capitalization of $600.66 million, a price-to-earnings ratio of 1.31 and a beta of 1.02. Sabre has a 12-month low of $0.81 and a 12-month high of $3.52.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $666.53 million for the quarter, compared to the consensus estimate of $654.08 million. Equities research analysts expect that Sabre will post 0.04 EPS for the current year.

About Sabre

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.