Sabre (NASDAQ:SABR) Earns Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Sabre (NASDAQ:SABR) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a $4.00 price target on the information technology services provider’s stock, down from their previous price target of $5.00.

A number of other analysts have also recently commented on the stock. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.25.

Sabre Stock Down 0.6 %

SABR opened at $3.44 on Tuesday. Sabre has a 12 month low of $1.81 and a 12 month high of $4.60. The company has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $3.37. The stock has a market cap of $1.33 billion, a P/E ratio of -4.35 and a beta of 1.80.

Sabre (NASDAQ:SABR) last released its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Sabre’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Sabre will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sabre

Large investors have recently added to or reduced their stakes in the company. Wellington Wealth Strategies LLC. bought a new position in Sabre during the 2nd quarter worth about $32,000. International Assets Investment Management LLC boosted its stake in shares of Sabre by 267.0% during the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after buying an additional 6,582 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Sabre during the 2nd quarter worth about $34,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sabre during the 2nd quarter worth about $35,000. Finally, Zacks Investment Management acquired a new position in shares of Sabre during the 3rd quarter worth about $41,000. 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.