Sabre (SABR) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research note released on Saturday morning. Zacks Investment Research currently has $23.00 price target on the information technology services provider’s stock.
According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “
A number of other research firms also recently weighed in on SABR. Evercore ISI downgraded Sabre from an outperform rating to an underperform rating in a research note on Friday, January 5th. Mizuho reaffirmed a buy rating and set a $25.00 price target on shares of Sabre in a research note on Thursday, January 25th. Oppenheimer reaffirmed a buy rating and set a $24.00 price target on shares of Sabre in a research note on Wednesday, November 1st. TheStreet raised Sabre from a c rating to a b- rating in a research note on Monday, November 27th. Finally, Cowen set a $23.00 price target on Sabre and gave the stock a buy rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Sabre currently has a consensus rating of Hold and an average price target of $22.67.
Several hedge funds have recently modified their holdings of SABR. Alliancebernstein L.P. raised its stake in shares of Sabre by 8.6% in the 2nd quarter. Alliancebernstein L.P. now owns 145,188 shares of the information technology services provider’s stock valued at $3,161,000 after acquiring an additional 11,552 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Sabre in the 2nd quarter valued at approximately $331,000. Thrivent Financial For Lutherans bought a new position in shares of Sabre in the 2nd quarter valued at approximately $905,000. GSA Capital Partners LLP raised its stake in shares of Sabre by 6.9% in the 2nd quarter. GSA Capital Partners LLP now owns 16,780 shares of the information technology services provider’s stock valued at $365,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Sabre by 98.9% in the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after acquiring an additional 4,734 shares in the last quarter.
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Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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