Sabre Corporation (NASDAQ:SABR) Stock Has Average Price Target of $1.75

by · The Markets Daily

Shares of Sabre Corporation (NASDAQ:SABR – Get Free Report) have earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $1.75.

SABR has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Weiss Ratings cut Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Read Our Latest Research Report on SABR

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Sabre during the 2nd quarter valued at $114,425,000. Arini Capital Management Ltd acquired a new stake in Sabre during the 2nd quarter valued at $81,719,000. Discerene Group LP increased its stake in Sabre by 1.5% during the 1st quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock worth $56,686,000 after buying an additional 569,711 shares during the period. Ampfield Management L.P. purchased a new stake in Sabre during the 1st quarter worth $7,505,000. Finally, Bank of New York Mellon Corp purchased a new stake in Sabre during the 2nd quarter worth $4,184,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Sabre Trading Down 4.3%

NASDAQ SABR opened at $1.57 on Friday. Sabre has a 52 week low of $0.81 and a 52 week high of $2.50. The firm has a 50 day moving average of $2.08 and a two-hundred day moving average of $1.90.

Sabre (NASDAQ:SABR – Get Free Report) last issued its earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The company had revenue of $711.96 million for the quarter, compared to analysts’ expectations of $697.40 million. As a group, analysts predict that Sabre will post -0.21 EPS for the current year.

About Sabre

(Get Free Report)

Sabre Corporation (NASDAQ: SABR) is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company’s offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.

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