Sabre Co. (NASDAQ:SABR – Get Free Report) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $4.00.
A number of analysts have weighed in on SABR shares. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Bank of America reduced their target price on Sabre from $4.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday. Mizuho reduced their target price on Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Finally, Cantor Fitzgerald started coverage on Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 target price for the company.
Read Our Latest Analysis on SABR
Institutional Trading of Sabre
Sabre Trading Down 2.6 %
Shares of Sabre stock opened at $2.58 on Thursday. The business has a 50-day moving average price of $2.71 and a two-hundred day moving average price of $3.55. Sabre has a 1-year low of $1.81 and a 1-year high of $5.76. The company has a market cap of $979.09 million, a P/E ratio of -1.63 and a beta of 1.77.
Sabre (NASDAQ:SABR – Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $687.05 million during the quarter, compared to analysts’ expectations of $707.89 million. Equities research analysts forecast that Sabre will post -0.21 EPS for the current fiscal year.
About Sabre
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.
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