Sabre (NASDAQ:SABR) Trading Up 10.2% - Time to Buy?

Key Points

• Shares of Sabre were up 10.2% Monday, trading at $1.4550 on light volume (3.13M shares, down 71% from the ~10.96M average), sitting above its 50‑day moving average ($1.30) but below its 200‑day ($1.56).
• Analyst sentiment is weak: four Hold and two Sell ratings result in a MarketBeat consensus of "Reduce" with an average target price of $2.35.
• Sabre slightly beat the quarter with EPS of ($0.01) versus ($0.07) expected and revenue of $666.5M versus $654.1M, while the company shows a market cap of $594.7M and a reported P/E of 1.30.

Sabre Corporation (NASDAQ:SABR - Get Free Report)'s share price traded up 10.2% during trading on Monday . The stock traded as high as $1.46 and last traded at $1.4550. 3,129,337 shares were traded during mid-day trading, a decline of 71% from the average session volume of 10,962,733 shares. The stock had previously closed at $1.32.

Wall Street Analysts Forecast Growth

SABR has been the subject of several analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $1.50 target price on shares of Sabre in a research note on Tuesday, March 3rd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $2.00 price objective on shares of Sabre in a report on Thursday, February 19th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sabre in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Sabre from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sabre presently has a consensus rating of "Reduce" and an average target price of $2.35.

Sabre Stock Performance

The firm has a market capitalization of $594.73 million, a price-to-earnings ratio of 1.30 and a beta of 1.02. The company has a 50 day moving average price of $1.30 and a two-hundred day moving average price of $1.56.

Sabre (NASDAQ:SABR - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The company had revenue of $666.53 million during the quarter, compared to analyst estimates of $654.08 million. On average, equities analysts expect that Sabre Corporation will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors and hedge funds have recently modified their holdings of SABR. Oak Thistle LLC purchased a new position in Sabre in the 4th quarter valued at about $27,000. GSA Capital Partners LLP purchased a new stake in Sabre during the 3rd quarter worth approximately $32,000. Diligent Investors LLC acquired a new position in shares of Sabre during the third quarter valued at approximately $35,000. Caprock Group LLC acquired a new position in shares of Sabre during the third quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Sabre by 970.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 24,665 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 22,361 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company's stock.

About Sabre

Sabre Corporation is a leading travel technology company that provides software, data, mobile and distribution solutions to the global travel industry. Through its Sabre travel marketplace, the company operates one of the world's principal global distribution systems (GDS), connecting travel buyers and suppliers across airlines, hotels, car rental companies and other travel providers. Sabre's suite of products includes reservation and ticketing systems for travel agencies, comprehensive airline operations and passenger services solutions, as well as hospitality property management and central reservation systems for hotels.

Established in 1960 as a joint venture between American Airlines and IBM, Sabre introduced one of the first computerized airline reservation systems, pioneering the automation of ticketing and inventory control.

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