Sabre Corporation (NASDAQ:SABR) Receives $1.97 Average Price Target from Analysts

Shares of Sabre Corporation (NASDAQ:SABR) have received a consensus rating of “Reduce” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $1.9667.

A number of brokerages have issued reports on SABR. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $1.50 target price on shares of Sabre in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $2.00 target price on shares of Sabre in a research note on Thursday, February 19th.

Sabre Price Performance

Shares of SABR opened at $1.84 on Wednesday. Sabre has a 52-week low of $0.81 and a 52-week high of $3.52. The company has a market capitalization of $727.11 million, a PE ratio of 1.59 and a beta of 0.85. The stock has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.53.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. The company had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. As a group, equities analysts anticipate that Sabre will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Sabre

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC raised its holdings in Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider’s stock valued at $96,000 after buying an additional 5,617 shares during the period. Captrust Financial Advisors raised its holdings in Sabre by 17.8% in the 2nd 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 during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Sabre by 17.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 61,329 shares of the information technology services provider’s stock valued at $111,000 after buying an additional 9,187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sabre by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,323 shares of the information technology services provider’s stock valued at $639,000 after buying an additional 9,923 shares during the period. Finally, Empowered Funds LLC raised its holdings in Sabre by 12.9% in the 1st quarter. Empowered Funds LLC now owns 91,891 shares of the information technology services provider’s stock valued at $258,000 after buying an additional 10,530 shares during the period. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

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.