Sabre Corporation (NASDAQ:SABR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Sabre Corporation (NASDAQ:SABR) has received a consensus recommendation of "Hold" from analysts, with price targets varying from $2.40 to $4.00.
• Recent financial performance indicates a year-over-year revenue decline of 1.1%, with an earnings report showing EPS of (0.02) against estimates of 718.16 million in revenue.
• The stock is currently trading around $1.83, with a market capitalization of approximately $721.95 million and significant institutional investor involvement with 89.42% of shares held by hedge funds.

Shares of Sabre Corporation (NASDAQ:SABR - Get Free Report) have been given a consensus recommendation of "Hold" by the five analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $3.80.

A number of research analysts have recently issued reports on SABR shares. Rothschild & Co Redburn lowered shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price target on the stock. in a research note on Friday. Morgan Stanley reissued a "reduce" rating on shares of Sabre in a research note on Sunday. Finally, Sanford C. Bernstein raised shares of Sabre from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $4.00 to $3.00 in a research report on Monday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Sabre by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,673,767 shares of the information technology services provider's stock valued at $6,109,000 after acquiring an additional 30,236 shares during the last quarter. Invesco Ltd. boosted its stake in Sabre by 7.9% during the 4th quarter. Invesco Ltd. now owns 2,654,980 shares of the information technology services provider's stock valued at $9,691,000 after acquiring an additional 194,356 shares during the last quarter. Renaissance Technologies LLC bought a new position in Sabre during the 4th quarter valued at $130,000. Sterling Capital Management LLC boosted its stake in Sabre by 744.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 8,454 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Sabre by 8.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider's stock valued at $146,000 after acquiring an additional 3,142 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Sabre Stock Performance

Sabre stock opened at $1.83 on Friday. Sabre has a fifty-two week low of $1.73 and a fifty-two week high of $4.63. The company has a market capitalization of $721.95 million, a PE ratio of -2.01 and a beta of 1.47. The firm has a 50 day moving average price of $2.90 and a 200 day moving average price of $2.96.

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 (EPS) for the quarter. The firm had revenue of $687.15 million for the quarter, compared to analyst estimates of $718.16 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company's revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Sabre will post 0.04 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.