Brokerages Set Sabre Co. (NASDAQ:SABR) Price Target at $4.40

Sabre Co. (NASDAQ:SABR) has received a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4.00.

Several equities analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on Sabre in a research report on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 price objective on the stock. Bank of America reduced their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday. Mizuho reduced their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, March 4th. Finally, StockNews.com cut Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th.

Institutional Investors Weigh In On Sabre

Several large investors have recently added to or reduced their stakes in the stock. Bouvel Investment Partners LLC increased its stake in Sabre by 3.1% during the first quarter. Bouvel Investment Partners LLC now owns 251,226 shares of the information technology services provider’s stock worth $608,000 after acquiring an additional 7,632 shares during the last quarter. Vanguard Group Inc. increased its stake in Sabre by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,643,643 shares of the information technology services provider’s stock worth $183,232,000 after acquiring an additional 1,732,513 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Sabre by 89.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock worth $16,400,000 after acquiring an additional 1,761,499 shares during the last quarter. Covenant Partners LLC bought a new stake in Sabre during the fourth quarter worth approximately $107,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Sabre by 12.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 194,956 shares of the information technology services provider’s stock worth $858,000 after acquiring an additional 21,286 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

Sabre Stock Up 2.4 %

Shares of Sabre stock opened at $2.61 on Thursday. The stock’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $3.53. Sabre has a 52 week low of $1.81 and a 52 week high of $5.76. The company has a market capitalization of $990.47 million, a price-to-earnings ratio of -1.65 and a beta of 1.77.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The firm had revenue of $687.05 million during the quarter, compared to analyst estimates of $707.89 million. On average, equities analysts expect that Sabre will post -0.21 earnings per share for the current year.

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.