Analysts Set Sabre Corporation (NASDAQ:SABR) Price Target at $3.80

Shares of Sabre Corporation (NASDAQ:SABR) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.80.

Several analysts recently commented on SABR shares. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a report on Sunday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Sabre in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded Sabre from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $4.00 to $3.00 in a research report on Monday, August 11th. Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 target price on the stock. in a research report on Friday, August 15th. Finally, Redburn Atlantic downgraded Sabre from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th.

Sabre Trading Up 7.1%

SABR opened at $2.05 on Wednesday. The firm has a market cap of $806.77 million, a price-to-earnings ratio of -2.25 and a beta of 1.52. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The stock has a fifty day moving average price of $1.85 and a 200-day moving average price of $2.38.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $687.15 million during the quarter, compared to the consensus estimate of $718.16 million. Sabre’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities research analysts forecast that Sabre will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Par Capital Management Inc. boosted its position in shares of Sabre by 57.7% in the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider’s stock valued at $61,146,000 after purchasing an additional 7,082,948 shares during the period. Ninety One UK Ltd purchased a new stake in Sabre during the 2nd quarter valued at approximately $15,644,000. U S Global Investors Inc. raised its stake in shares of Sabre by 54.0% during the 3rd quarter. U S Global Investors Inc. now owns 8,696,449 shares of the information technology services provider’s stock worth $15,915,000 after buying an additional 3,049,688 shares in the last quarter. Simcoe Capital Management LLC purchased a new position in shares of Sabre during the 2nd quarter worth approximately $7,649,000. Finally, Discerene Group LP raised its stake in shares of Sabre by 11.2% during the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider’s stock worth $67,126,000 after buying an additional 2,132,064 shares in the last quarter. 89.42% of the stock is owned by institutional investors and hedge funds.

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.