Mizuho Boosts Sabre (NASDAQ:SABR) Price Target to $7.00

Sabre (NASDAQ:SABR – Get Rating) had its target price boosted by Mizuho from $6.00 to $7.00 in a research report released on Wednesday, Marketbeat.com reports. Mizuho currently has a neutral rating on the information technology services provider’s stock.

Several other brokerages have also weighed in on SABR. Bank of America raised shares of Sabre from an underperform rating to a buy rating and set a $10.00 target price for the company in a research note on Wednesday, July 6th. Morgan Stanley lowered their target price on shares of Sabre from $13.00 to $10.00 and set an equal weight rating for the company in a research note on Tuesday, July 12th. Finally, StockNews.com raised shares of Sabre from a sell rating to a hold rating in a research note on Sunday, May 8th.

Sabre Trading Up 0.9 %

Sabre stock opened at $7.50 on Wednesday. Sabre has a 12-month low of $5.45 and a 12-month high of $12.65. The stock has a market cap of $2.45 billion, a P/E ratio of -4.12 and a beta of 1.82. The company has a 50-day moving average price of $6.52 and a 200 day moving average price of $8.58.

Sabre (NASDAQ:SABR – Get Rating) last announced its earnings results on Tuesday, August 2nd. The information technology services provider reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.06. The company had revenue of $657.53 million for the quarter, compared to analysts’ expectations of $649.71 million. The company’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same period last year, the business earned ($0.61) EPS. As a group, analysts forecast that Sabre will post -1.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in shares of Sabre in the first quarter valued at approximately $30,000. Parallel Advisors LLC grew its holdings in shares of Sabre by 83.1% in the first quarter. Parallel Advisors LLC now owns 2,780 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 1,262 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Sabre by 40.9% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,080 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 1,185 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Sabre during the 1st quarter worth approximately $48,000. Finally, Steward Financial Group LLC acquired a new position in Sabre during the 4th quarter worth approximately $68,000.

About Sabre

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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates as 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.