Rothschild & Co Redburn Downgrades Sabre (NASDAQ:SABR) to Neutral

Key Points

• Rothschild & Co Redburn has downgraded Sabre (NASDAQ:SABR) from a "buy" to a "neutral" rating, with a price target of $2.40, indicating a potential upside of 31.15% from its previous close.
• Sabre's latest earnings report revealed a loss of $0.02 per share, with quarterly revenue falling short of expectations at $687.15 million, down 1.1% compared to the previous year.
• The stock currently holds a consensus rating of "Hold" with a price target of $3.80, as various analysts weigh in with differing perspectives on its performance.

Sabre (NASDAQ:SABR - Get Free Report) was downgraded by investment analysts at Rothschild & Co Redburn from a "buy" rating to a "neutral" rating in a note issued to investors on Friday,Finviz reports. They currently have a $2.40 price target on the information technology services provider's stock. Rothschild & Co Redburn's price objective points to a potential upside of 31.15% from the company's previous close.

Several other analysts also recently weighed in on SABR. Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $4.00 to $3.00 in a report on Monday. Morgan Stanley reiterated a "reduce" rating on shares of Sabre in a research note on Sunday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.80.

Sabre Trading Down 7.1%

Shares of Sabre stock opened at $1.83 on Friday. The stock's fifty day moving average price is $2.90 and its 200-day moving average price is $2.96. The firm has a market cap of $721.95 million, a P/E ratio of -2.01 and a beta of 1.47. Sabre has a 12 month low of $1.73 and a 12 month high of $4.63.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The information technology services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $687.15 million during the quarter, compared to analysts' expectations of $718.16 million. Sabre's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. Analysts forecast that Sabre will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre in the first quarter worth about $28,000. Blueshift Asset Management LLC acquired a new stake in Sabre in the first quarter worth about $31,000. Triangle Securities Wealth Management acquired a new stake in Sabre in the second quarter worth about $33,000. Park Avenue Securities LLC acquired a new stake in Sabre in the second quarter worth about $34,000. Finally, Sterling Capital Management LLC boosted its holdings in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 8,454 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Company Profile

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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