Sabre Co. (NASDAQ:SABR) Receives $4.00 Average Target Price from Analysts

Shares of Sabre Co. (NASDAQ:SABR) have received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.00.

Several research analysts have weighed in on the stock. Bank of America lowered their price objective on shares of Sabre from $4.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. Mizuho reduced their target price on shares of Sabre from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 4th. Cantor Fitzgerald initiated coverage on shares of Sabre in a research note on Wednesday, February 21st. They issued an “overweight” rating and a $5.00 target price for the company. Finally, StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Friday, April 5th.

Sabre Price Performance

SABR opened at $2.64 on Monday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.82 and a beta of 1.69. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $5.76. The company’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $3.41.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 15th. The information technology services provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $687.05 million for the quarter, compared to the consensus estimate of $707.89 million. As a group, equities research analysts predict that Sabre will post -0.21 EPS for the current year.

Insiders Place Their Bets

In other Sabre news, CFO Michael O. Randolfi bought 50,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $2.98 per share, for a total transaction of $149,000.00. Following the completion of the transaction, the chief financial officer now directly owns 587,665 shares of the company’s stock, valued at $1,751,241.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SABR. Vanguard Group Inc. grew its holdings in shares of Sabre by 10.1% in the third quarter. Vanguard Group Inc. now owns 39,911,130 shares of the information technology services provider’s stock worth $179,201,000 after purchasing an additional 3,665,465 shares during the last quarter. Norges Bank bought a new position in shares of Sabre in the fourth quarter worth approximately $9,139,000. Goldman Sachs Group Inc. boosted its holdings in Sabre by 89.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,727,334 shares of the information technology services provider’s stock valued at $16,400,000 after acquiring an additional 1,761,499 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in Sabre in the fourth quarter valued at $3,586,000. Finally, ARGA Investment Management LP boosted its holdings in Sabre by 114.8% in the fourth quarter. ARGA Investment Management LP now owns 1,284,656 shares of the information technology services provider’s stock valued at $5,652,000 after acquiring an additional 686,620 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors.

Sabre Company Profile

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.