Sabre Corporation (NASDAQ:SABR) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Sabre, with three holds, one sell and one buy among five covering firms. The average 12-month price target is $1.75.
• Sabre shares recently traded at $2.19, above both their 50-day and 200-day moving averages, and near the stock’s 52-week high of $2.30.
• The company missed quarterly EPS expectations, reporting a loss of $0.17 per share versus the expected $0.04 loss, although revenue of $711.96 million exceeded estimates.

Sabre Corporation (NASDAQ:SABR - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1.75.

A number of research firms recently commented on SABR. Citigroup reiterated a "buy" rating on shares of Sabre in a report on Thursday. Weiss Ratings downgraded Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th.

Sabre Stock Performance

Shares of NASDAQ SABR traded up $0.01 during mid-day trading on Thursday, reaching $2.19. 236,539 shares of the company's stock were exchanged, compared to its average volume of 7,020,172. The company's 50-day moving average is $1.96 and its 200-day moving average is $1.70. Sabre has a 52-week low of $0.81 and a 52-week high of $2.30. The firm has a market capitalization of $881.83 million, a price-to-earnings ratio of 1.33 and a beta of 0.97.

Sabre (NASDAQ:SABR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to analysts' expectations of $697.40 million. As a group, equities analysts predict that Sabre will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DGS Capital Management LLC purchased a new stake in shares of Sabre in the first quarter valued at approximately $25,000. Wealthspire Retirement LLC acquired a new position in shares of Sabre during the 1st quarter worth $25,000. Vise Technologies Inc. purchased a new stake in shares of Sabre in the second quarter valued at $30,000. Allworth Financial LP acquired a new position in shares of Sabre during the 2nd quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Sabre in the second quarter valued at $32,000. Institutional investors and hedge funds 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.

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