Sabre (NASDAQ:SABR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other equities analysts have also issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 target price on shares of Sabre in a research report on Friday. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price objective on shares of Sabre in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sabre presently has a consensus rating of “Hold” and an average price target of $3.25.

Sabre Stock Performance

Shares of NASDAQ:SABR opened at $4.52 on Friday. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $3.45. The company has a market cap of $1.74 billion, a P/E ratio of -5.72, a P/E/G ratio of 1.99 and a beta of 1.79. Sabre has a 52-week low of $1.81 and a 52-week high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to analysts’ expectations of $716.60 million. As a group, equities analysts predict that Sabre will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 6,582 shares during the period. Sterling Capital Management LLC boosted its position in shares of 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 6,298 shares during the period. Zacks Investment Management acquired a new position in Sabre in the third quarter worth about $41,000. Finally, MML Investors Services LLC acquired a new position in Sabre in the third quarter worth about $45,000. 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.