Sabre Corporation (NASDAQ:SABR) Receives $3.80 Consensus Target Price from Analysts

Key Points

• Sabre Corporation (NASDAQ:SABR) has received an average analyst recommendation of "Hold", with two buy ratings, three hold ratings, and one sell rating from the research firms covering the stock.
• The company reported a loss of $0.02 EPS for the last quarter, with revenues of $687.15 million, falling short of analysts' estimates of $718.16 million.
• Recent institutional purchases suggest a strong interest, with institutional investors and hedge funds owning approximately 89.42% of Sabre's stock.

Sabre Corporation (NASDAQ:SABR - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.80.

SABR has been the topic of several recent research reports. Rothschild & Co Redburn downgraded Sabre from a "buy" rating to a "neutral" rating and set a $2.40 target price on the stock. in a research report on Friday, August 15th. Morgan Stanley restated a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. Redburn Atlantic downgraded Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Sanford C. Bernstein upgraded Sabre from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Monday, August 11th.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sabre in the first quarter worth $28,000. Blueshift Asset Management LLC purchased a new stake in shares of Sabre in the first quarter worth $31,000. Triangle Securities Wealth Management purchased a new stake in shares of Sabre in the second quarter worth $33,000. Park Avenue Securities LLC purchased a new stake in shares of Sabre in the second quarter worth $34,000. Finally, 626 Financial LLC purchased a new stake in shares of Sabre in the second quarter worth $35,000. Hedge funds and other institutional investors own 89.42% of the company's stock.

Sabre Stock Performance

NASDAQ SABR traded down $0.01 on Tuesday, hitting $1.87. 12,459,291 shares of the stock traded hands, compared to its average volume of 5,806,285. The business's fifty day moving average is $2.41 and its two-hundred day moving average is $2.67. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The firm has a market capitalization of $737.73 million, a price-to-earnings ratio of -2.05 and a beta of 1.52.

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

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.