Sabre (NASDAQ:SABR) Reaches New 12-Month Low - Time to Sell?

Key Points

• Sabre Corporation recently hit a new 52-week low at $1.70, signaling potential selling pressure as its stock traded at $1.73 on significant volume.
• Multiple analysts have downgraded Sabre's stock, resulting in a consensus rating of "Hold" and a price target averaging $3.80.
• Despite a revenue of $687.15 million reported last quarter, Sabre's earnings fell short of estimates, with a loss of $0.02 EPS compared to analyst expectations.

Sabre Corporation (NASDAQ:SABR - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $1.70 and last traded at $1.73, with a volume of 676184 shares trading hands. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

SABR has been the subject of a number of analyst reports. Rothschild & Co Redburn downgraded shares of Sabre from a "buy" rating to a "neutral" rating and set a $2.40 price target for the company. in a research report on Friday, August 15th. Redburn Atlantic cut shares of Sabre from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Sanford C. Bernstein upgraded shares of Sabre from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $4.00 to $3.00 in a research report on Monday, August 11th. Finally, Morgan Stanley restated a "reduce" rating on shares of Sabre in a research report on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $3.80.

Sabre Trading Down 2.1%

The stock's 50-day moving average is $2.65 and its 200-day moving average is $2.81. The firm has a market capitalization of $675.80 million, a price-to-earnings ratio of -1.90 and a beta of 1.52.

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 company had revenue of $687.15 million for the quarter, compared to analyst estimates of $718.16 million. During the same period last year, the company posted ($0.05) EPS. Sabre's quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Sabre Corporation will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

A number of institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in Sabre by 5.9% during the 4th quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider's stock worth $209,000 after acquiring an additional 3,195 shares during the last quarter. Bank of Montreal Can grew its holdings in Sabre by 7.7% during the 2nd quarter. Bank of Montreal Can now owns 59,124 shares of the information technology services provider's stock worth $187,000 after acquiring an additional 4,208 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Sabre by 22.6% in the 2nd quarter. Cerity Partners LLC now owns 30,462 shares of the information technology services provider's stock valued at $96,000 after purchasing an additional 5,617 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Sabre by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,566 shares of the information technology services provider's stock valued at $315,000 after purchasing an additional 7,228 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Sabre by 17.8% in the 2nd quarter. Captrust Financial Advisors now owns 54,707 shares of the information technology services provider's stock valued at $173,000 after purchasing an additional 8,262 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

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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