Sabre (NASDAQ:SABR) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Sabre (NASDAQ:SABR) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other brokerages have also recently issued reports on SABR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sabre in a report on Wednesday, October 8th. Redburn Atlantic lowered shares of Sabre from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Morgan Stanley reaffirmed a “reduce” rating on shares of Sabre in a research report on Sunday, August 10th. Sanford C. Bernstein raised Sabre from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $4.00 to $3.00 in a report on Monday, August 11th. Finally, Rothschild & Co Redburn downgraded Sabre from a “buy” rating to a “neutral” rating and set a $2.40 price objective for the company. in a research note on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $3.80.

Sabre Price Performance

NASDAQ SABR opened at $1.88 on Friday. Sabre has a 52 week low of $1.69 and a 52 week high of $4.63. The business has a 50 day moving average price of $1.87 and a 200-day moving average price of $2.38. The company has a market cap of $742.39 million, a price-to-earnings ratio of 1.53 and a beta of 1.55.

Sabre (NASDAQ:SABR) last issued its earnings results on Wednesday, November 5th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $715.18 million during the quarter, compared to the consensus estimate of $715.32 million. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, equities research analysts anticipate that Sabre will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SABR. Teacher Retirement System of Texas purchased a new stake in shares of Sabre during the 1st quarter valued at $151,000. Principal Financial Group Inc. grew its position in Sabre by 2.6% during the first quarter. Principal Financial Group Inc. now owns 1,922,397 shares of the information technology services provider’s stock valued at $5,402,000 after buying an additional 48,906 shares during the period. Envestnet Asset Management Inc. grew its position in Sabre by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,683,647 shares of the information technology services provider’s stock valued at $4,731,000 after buying an additional 9,880 shares during the period. Optimist Retirement Group LLC purchased a new stake in Sabre during the first quarter worth about $193,000. Finally, Allianz Asset Management GmbH raised its position in Sabre by 27.8% in the first quarter. Allianz Asset Management GmbH now owns 2,617,378 shares of the information technology services provider’s stock worth $7,355,000 after acquiring an additional 569,972 shares during the period. Hedge funds and other 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.