Sabre Corporation (NASDAQ:SABR) Stock Has Average Target Price of $1.75

Key Points

• Analysts’ consensus rating is “Reduce”: Of five analysts, two rate Sabre a sell, two a hold, and one a buy; the average 12-month price target is $1.75.
• Sabre reported quarterly EPS of $0.11, beating the $0.02 consensus estimate, while revenue of $738.43 million exceeded the $731.81 million forecast.
• Sabre shares were reported down 2.1%, opening at $1.86; the stock’s 52-week range is $0.81 to $2.50.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) have been given a consensus rating of "Reduce" by the five analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1.75.

A number of equities research analysts recently weighed in on the company. Citigroup restated a "buy" rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sabre in a research note on Wednesday, November 4th. Zacks Research downgraded shares of Sabre from a "hold" rating to a "strong sell" rating in a report on Monday, October 26th. Finally, Wall Street Zen upgraded shares of Sabre from a "hold" rating to a "buy" rating in a report on Saturday.

Sabre Stock Down 2.1%

Shares of NASDAQ:SABR opened at $1.86 on Friday. The company has a market capitalization of $751.05 million, a price-to-earnings ratio of -4.77 and a beta of 1.18. Sabre has a 52 week low of $0.81 and a 52 week high of $2.50. The firm has a 50 day moving average of $1.91 and a 200 day moving average of $1.75.

Sabre (NASDAQ:SABR - Get Free Report) last announced its earnings results on Thursday, November 5th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $738.43 million for the quarter, compared to the consensus estimate of $731.81 million. On average, sell-side analysts expect that Sabre will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Sabre

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vise Technologies Inc. purchased a new position in Sabre in the second quarter worth $30,000. Engineers Gate Manager LP acquired a new position in shares of Sabre during the second quarter worth $31,000. Allworth Financial LP purchased a new stake in shares of Sabre during the 2nd quarter valued at $31,000. StoneX Group Inc. purchased a new stake in shares of Sabre during the 3rd quarter valued at $33,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sabre in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Company Profile

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.

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