Sabre (NASDAQ:SABR) Rating Lowered to “Strong Sell” at Zacks Research

Sabre (NASDAQ:SABR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on SABR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sabre in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Sabre from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $3.80.

Sabre Stock Down 0.8%

NASDAQ:SABR opened at $1.23 on Tuesday. The business’s 50-day moving average price is $1.54 and its 200 day moving average price is $2.00. Sabre has a 52-week low of $1.20 and a 52-week high of $4.63. The firm has a market cap of $485.71 million, a P/E ratio of 1.00 and a beta of 1.07.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $715.18 million for the quarter, compared to the consensus estimate of $715.32 million. During the same period last year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Sabre will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in Sabre during the third quarter worth $32,000. Triangle Securities Wealth Management acquired a new stake in shares of Sabre during the 2nd quarter worth about $33,000. Park Avenue Securities LLC bought a new stake in shares of Sabre during the 2nd quarter worth about $34,000. 626 Financial LLC bought a new stake in shares of Sabre during the 2nd quarter worth about $35,000. Finally, Diligent Investors LLC acquired a new position in Sabre in the 3rd quarter valued at about $35,000. Institutional investors own 89.42% of the company’s stock.

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.