Analysts Set Sabre Corporation (NASDAQ:SABR) Price Target at $1.97

Sabre Corporation (NASDAQ:SABR) has received a consensus rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $1.9667.

A number of analysts have commented on SABR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $2.00 price target on shares of Sabre in a research report on Thursday, February 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $1.50 price target on shares of Sabre in a research report on Tuesday, March 3rd. Zacks Research raised Sabre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings raised Sabre from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th.

Sabre Stock Performance

Shares of SABR opened at $1.53 on Friday. The stock has a 50-day moving average of $1.64 and a two-hundred day moving average of $1.51. Sabre has a one year low of $0.81 and a one year high of $3.52. The stock has a market cap of $604.82 million, a P/E ratio of 1.40 and a beta of 1.01.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $760.33 million for the quarter, compared to analyst estimates of $739.02 million. Analysts predict that Sabre will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of institutional investors have recently modified their holdings of SABR. Royal Bank of Canada raised its stake in shares of Sabre by 46.9% during the 1st quarter. Royal Bank of Canada now owns 174,893 shares of the information technology services provider’s stock valued at $491,000 after buying an additional 55,840 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sabre by 4.6% during 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 last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sabre during the 1st quarter valued at about $140,000. Jones Financial Companies Lllp raised its stake in shares of Sabre by 265.7% during the 1st quarter. Jones Financial Companies Lllp now owns 286,802 shares of the information technology services provider’s stock valued at $806,000 after buying an additional 208,371 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Sabre during the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

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.