Sabre Corporation (SABR) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is neutral: Five brokerages give Sabre an average “Hold” rating, with one sell, three hold, and one buy recommendation. The average 12-month price target is $1.75.
• Recent financial results were mixed: Sabre reported a quarterly loss of $0.17 per share, missing the $0.04 loss estimate, while revenue of $711.96 million exceeded expectations.
• Institutional ownership is substantial: Institutional investors own 89.42% of Sabre, with BlackRock and Arini Capital among funds that recently established significant positions.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) have been given an average rating of "Hold" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $1.75.

Several analysts recently commented on the company. Weiss Ratings lowered Sabre from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Citigroup reaffirmed a "buy" rating on shares of Sabre in a report on Thursday, August 27th.

Sabre Stock Performance

Shares of SABR stock opened at $1.79 on Friday. Sabre has a one year low of $0.81 and a one year high of $2.50. The company has a market capitalization of $722.41 million, a price-to-earnings ratio of 1.08 and a beta of 1.06. The company's 50-day moving average is $2.10 and its 200 day moving average is $1.89.

Sabre (NASDAQ:SABR - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $697.40 million. As a group, research analysts predict that Sabre will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

A number of hedge funds have recently modified their holdings of SABR. BlackRock Inc. purchased a new stake in shares of Sabre in the second quarter worth $114,425,000. Arini Capital Management Ltd purchased a new stake in Sabre in the 2nd quarter worth $81,719,000. Discerene Group LP increased its stake in Sabre by 1.5% in the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider's stock worth $56,686,000 after buying an additional 569,711 shares in the last quarter. Ampfield Management L.P. purchased a new position in shares of Sabre in the first quarter valued at about $7,505,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Sabre in the second quarter worth about $4,184,000. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

Sabre Corporation NASDAQ: SABR is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company's offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.

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