Sabre Corporation (NASDAQ:SABR) Given Average Recommendation of "Hold" by Analysts

Key Points

• Sabre Corporation has received an average recommendation of "Hold" from seven analysts, with varied ratings including two sells, three holds, and two buys.
• The company's average 12-month price target is $3.80, with recent ratings reports indicating significant downgrades and shifts in target prices among various analysts.
• Despite recent struggles, including a year-over-year revenue decline of 1.1% and a reported EPS of ($0.02) for the last quarter, institutional investors have shown interest, increasing their stakes in the company.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.80.

SABR has been the topic of several research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Sabre in a research report on Saturday, September 27th. Sanford C. Bernstein raised Sabre from a "market perform" rating to an "outperform" rating and cut their target price for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Morgan Stanley reissued a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. 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. Finally, Redburn Atlantic downgraded Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th.

Sabre Trading Up 0.5%

Shares of SABR opened at $1.85 on Friday. Sabre has a 12 month low of $1.69 and a 12 month high of $4.63. The stock has a fifty day moving average price of $2.01 and a 200-day moving average price of $2.50. The firm has a market cap of $729.84 million, a PE ratio of -2.03 and a beta of 1.52.

Sabre (NASDAQ:SABR - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $718.16 million. During the same period in the previous year, the company posted ($0.05) EPS. The company's revenue was down 1.1% on a year-over-year basis. As a group, research analysts forecast that Sabre will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Sabre by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 41,795,327 shares of the information technology services provider's stock worth $117,445,000 after purchasing an additional 936,578 shares during the period. Discerene Group LP grew its position in Sabre by 11.2% during the 2nd quarter. Discerene Group LP now owns 21,242,336 shares of the information technology services provider's stock worth $67,126,000 after purchasing an additional 2,132,064 shares during the period. Par Capital Management Inc. grew its position in Sabre by 57.7% during the 2nd quarter. Par Capital Management Inc. now owns 19,350,000 shares of the information technology services provider's stock worth $61,146,000 after purchasing an additional 7,082,948 shares during the period. Erste Asset Management GmbH grew its position in Sabre by 10.1% during the 1st quarter. Erste Asset Management GmbH now owns 10,869,429 shares of the information technology services provider's stock worth $30,436,000 after purchasing an additional 1,000,000 shares during the period. Finally, U S Global Investors Inc. grew its position in Sabre by 23.3% during the 2nd quarter. U S Global Investors Inc. now owns 5,646,761 shares of the information technology services provider's stock worth $17,844,000 after purchasing an additional 1,067,750 shares during the period. 89.42% of the stock is owned by institutional investors and hedge funds.

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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