Sabre (NASDAQ:SABR) Upgraded at StockNews.com

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

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $4.00 target price on shares of Sabre in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Sabre currently has an average rating of “Hold” and a consensus price target of $3.25.

Sabre Stock Up 8.9 %

Shares of NASDAQ SABR opened at $4.52 on Friday. The business’s 50 day moving average price is $3.54 and its two-hundred day moving average price is $3.46. The company has a market cap of $1.74 billion, a PE ratio of -6.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.79. Sabre has a twelve month low of $1.81 and a twelve month high of $4.63.

Sabre (NASDAQ:SABR) last posted its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. As a group, research analysts anticipate that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Sabre by 267.0% during the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares during the period. Sterling Capital Management LLC increased its stake in 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 worth $35,000 after acquiring an additional 8,454 shares during the period. Smartleaf Asset Management LLC increased its stake in Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 6,298 shares during the period. Zacks Investment Management acquired a new position in Sabre in the 3rd quarter valued at $41,000. Finally, MML Investors Services LLC bought a new stake in shares of Sabre during the 3rd quarter valued at $45,000. Institutional investors own 89.42% of the company’s stock.

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.