Sabre Corporation (NASDAQ:SABR) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Sabre, with one sell, three hold, and one buy rating. The average 12-month price target is $1.75, below the reported share price of $2.26.
• Institutional investors own 89.42% of Sabre; BlackRock and Arini Capital Management recently established sizable positions, while Discerene Group slightly increased its stake.
• Sabre’s latest quarterly results were mixed: revenue of $711.96 million exceeded estimates, but the company reported an adjusted loss of $0.17 per share versus the expected $0.04 loss.

Sabre Corporation (NASDAQ:SABR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $1.75.

A number of brokerages have commented on SABR. Citigroup reissued a "buy" rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings cut shares of Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On Sabre

Large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Sabre in the second quarter worth $114,425,000. Arini Capital Management Ltd bought a new position in Sabre during the second quarter valued at $81,719,000. Discerene Group LP increased its position in Sabre by 1.5% during the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider's stock valued at $56,686,000 after acquiring an additional 569,711 shares during the last quarter. Ampfield Management L.P. purchased a new stake in shares of Sabre in the first quarter valued at $7,505,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Sabre in the 4th quarter worth about $6,054,000. Institutional investors own 89.42% of the company's stock.

Sabre Price Performance

Shares of SABR opened at $2.26 on Monday. The stock has a market capitalization of $912.10 million, a price-to-earnings ratio of 1.37 and a beta of 1.00. Sabre has a 1 year low of $0.81 and a 1 year high of $2.50. The business's 50 day simple moving average is $2.03 and its 200-day simple moving average is $1.83.

Sabre (NASDAQ:SABR - Get Free Report) last posted its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates 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. On average, sell-side analysts expect that Sabre will post -0.21 earnings per share for the current year.

About Sabre

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company's products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.

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