Sabre Corporation (NASDAQ:SABR) Stock Has Average Target Price of $1.75 According to Analysts

Sabre Corporation (NASDAQ:SABR) has received a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1.75.

Several equities research analysts recently weighed in on SABR shares. Citigroup restated a “buy” rating on shares of Sabre in a research report on Thursday, August 27th. Weiss Ratings lowered shares of Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Sabre Trading Up 0.6%

Shares of Sabre stock opened at $1.79 on Friday. The firm has a market cap of $722.41 million, a PE ratio of 1.08 and a beta of 1.06. The stock has a 50 day moving average of $2.10 and a 200 day moving average of $1.89. Sabre has a 12 month low of $0.81 and a 12 month high of $2.50.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The business had revenue of $711.96 million during the quarter, compared to analyst estimates of $697.40 million. As a group, equities research analysts forecast that Sabre will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Sabre

A number of institutional investors have recently bought and sold shares of SABR. Vise Technologies Inc. purchased a new position in Sabre during the second quarter worth $30,000. Engineers Gate Manager LP purchased a new stake in shares of Sabre in the second quarter worth approximately $31,000. Allworth Financial LP purchased a new position in Sabre in the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Sabre during the second quarter valued at approximately $32,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Sabre in the 1st quarter worth $25,000. 89.42% of the stock is currently owned by institutional investors.

About Sabre

Sabre Corporation (NASDAQ: SABR) is a travel technology company that provides software, data, and marketplace solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, online travel companies, and other travel suppliers, helping them distribute and manage travel content, reservations, and related services.

The company’s offerings include global distribution capabilities, application programming interfaces, travel booking tools, and agency solutions such as the Sabre Red 360 platform.