Sabre (NASDAQ:SABR - Free Report) had its target price decreased by Bank of America from $4.50 to $3.00 in a report published on Monday, Benzinga reports. Bank of America currently has a neutral rating on the information technology services provider's stock.
Other research analysts have also issued reports about the stock. Cantor Fitzgerald started coverage on shares of Sabre in a research note on Wednesday, February 21st. They issued an overweight rating and a $5.00 target price on the stock. StockNews.com lowered shares of Sabre from a buy rating to a hold rating in a research note on Friday, April 5th. Finally, Mizuho decreased their target price on shares of Sabre from $4.00 to $3.00 and set a neutral rating on the stock in a research note on Monday, March 4th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Sabre presently has an average rating of Hold and a consensus price target of $4.00.
Read Our Latest Research Report on SABR
Sabre Price Performance
Sabre stock traded down $0.07 during midday trading on Monday, reaching $2.58. The company had a trading volume of 8,048,141 shares, compared to its average volume of 5,491,808. The company has a market capitalization of $979.08 million, a P/E ratio of -1.68 and a beta of 1.77. Sabre has a 12-month low of $1.81 and a 12-month high of $5.76. The firm's fifty day simple moving average is $2.74 and its 200-day simple moving average is $3.56.
Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The company had revenue of $687.05 million for the quarter, compared to analysts' expectations of $707.89 million. On average, analysts expect that Sabre will post -0.21 EPS for the current fiscal year.
Institutional Trading of Sabre
A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. Tower Research Capital LLC TRC increased its holdings in shares of Sabre by 63.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,182 shares of the information technology services provider's stock worth $29,000 after buying an additional 3,563 shares during the last quarter. State of Wyoming acquired a new stake in shares of Sabre during the 4th quarter worth approximately $31,000. Insigneo Advisory Services LLC acquired a new stake in shares of Sabre during the 2nd quarter worth approximately $33,000. PNC Financial Services Group Inc. increased its holdings in shares of Sabre by 69.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,344 shares of the information technology services provider's stock worth $39,000 after buying an additional 5,041 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Sabre by 147.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,171 shares of the information technology services provider's stock worth $44,000 after buying an additional 4,277 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company's stock.
About Sabre
(
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Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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