Sabre (NASDAQ:SABR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on SABR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sabre in a research note on Wednesday, November 4th. Citigroup reaffirmed a “buy” rating on shares of Sabre in a research note on Thursday, August 27th. Finally, Zacks Research cut Sabre from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $1.75.

Sabre Price Performance

NASDAQ:SABR traded down $0.04 during trading hours on Friday, reaching $1.86. 5,135,544 shares of the company were exchanged, compared to its average volume of 9,187,798. The business has a 50 day moving average of $1.91 and a 200 day moving average of $1.75. Sabre has a 1-year low of $0.81 and a 1-year high of $2.50. The company has a market capitalization of $751.05 million, a P/E ratio of -4.77 and a beta of 1.18.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, November 5th. The information technology services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $738.43 million for the quarter, compared to the consensus estimate of $731.81 million. As a group, equities research analysts anticipate that Sabre will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Sabre during the second quarter worth $114,425,000. Arini Capital Management Ltd bought a new stake in shares of Sabre in the second quarter worth $81,719,000. Discerene Group LP increased its holdings in Sabre by 1.5% in the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock valued at $56,686,000 after purchasing an additional 569,711 shares during the period. Hikari Tsushin Inc. bought a new stake in shares of Sabre in the 3rd quarter valued at about $8,499,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sabre in the 2nd quarter valued at about $4,184,000. Institutional investors own 89.42% of the company’s stock.

Sabre Company Profile

Sabre Corporation is a travel technology company that operates a global marketplace connecting travel suppliers, including airlines and hotels, with travel agencies and other buyers. Its platform supports the search, booking, and management of travel services. The company also provides software used by airlines and hospitality businesses to manage operations and customer services. Its products include airline reservation and operations systems, hotel technology, and tools for travel agencies to shop for and book travel.