Sabre Corporation (NASDAQ:SABR) Given Average Rating of "Hold" by 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 an average recommendation of "Hold" from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.80.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC acquired a new position in Sabre in the 1st quarter worth about $28,000. Triangle Securities Wealth Management acquired a new position in Sabre in the 2nd quarter worth about $33,000. Park Avenue Securities LLC acquired a new position in Sabre in the 2nd quarter worth about $34,000. 626 Financial LLC acquired a new position in Sabre in the 2nd quarter worth about $35,000. Finally, Blueshift Asset Management LLC acquired a new position in Sabre in the 1st quarter worth about $31,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Up 1.8%

Shares of NASDAQ SABR opened at $1.74 on Tuesday. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The company has a market cap of $686.45 million, a price-to-earnings ratio of -1.91 and a beta of 1.52. The business has a fifty day simple moving average of $2.53 and a 200-day simple moving average of $2.74.

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

About Sabre

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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