Wall Street Zen Upgrades Sabre (NASDAQ:SABR) to Buy

Key Points

• Wall Street Zen upgraded Sabre from “hold” to “buy,” but analyst sentiment remains mixed: MarketBeat reports a consensus “Reduce” rating and an average price target of $1.75.
• Sabre reported quarterly EPS of $0.11, beating the $0.02 consensus estimate, and revenue of $738.43 million, above estimates of $731.81 million.
• Shares opened at $1.86 and were down 2.1%; institutional investors own 89.42% of the stock.

Sabre (NASDAQ:SABR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other analysts also recently commented on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sabre in a report on Wednesday, November 4th. Citigroup reiterated a "buy" rating on shares of Sabre in a research note on Thursday, August 27th. Finally, Zacks Research cut shares of Sabre from a "hold" rating to a "strong sell" rating in a report on Monday, October 26th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sabre presently has a consensus rating of "Reduce" and an average target price of $1.75.

Sabre Stock Down 2.1%

Shares of Sabre stock opened at $1.86 on Friday. The business has a fifty day simple moving average of $1.91 and a two-hundred day simple moving average of $1.75. Sabre has a 1 year low of $0.81 and a 1 year high of $2.50.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The information technology services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $738.43 million during the quarter, compared to analyst estimates of $731.81 million. Sell-side analysts predict that Sabre will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SABR. Caxton Associates LLP acquired a new stake in shares of Sabre during the third quarter worth $129,000. Hikari Tsushin Inc. bought a new stake in shares of Sabre in the third quarter valued at about $8,499,000. Public Sector Pension Investment Board boosted its position in shares of Sabre by 1.6% in the third quarter. Public Sector Pension Investment Board now owns 1,376,854 shares of the information technology services provider's stock valued at $2,919,000 after acquiring an additional 21,848 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Sabre by 28.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 73,838 shares of the information technology services provider's stock worth $157,000 after purchasing an additional 16,352 shares in the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of Sabre in the third quarter valued at approximately $33,000. Institutional investors own 89.42% of the company's stock.

About Sabre

Sabre Corporation is a travel technology company that operates a global marketplace connecting travel suppliers, including airlines and hotels, with travel agencies and other buyers. Its platform supports the search, booking, and management of travel services. The company also provides software used by airlines and hospitality businesses to manage operations and customer services. Its products include airline reservation and operations systems, hotel technology, and tools for travel agencies to shop for and book travel.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.