Sabre’s (SABR) Neutral Rating Reaffirmed at Cantor Fitzgerald

Sabre (NASDAQ:SABR)‘s stock had its “neutral” rating reissued by equities research analysts at Cantor Fitzgerald in a research report issued on Tuesday, MarketBeat.com reports. They presently have a $4.00 price objective on the information technology services provider’s stock, down from their previous price objective of $5.00. Cantor Fitzgerald’s target price indicates a potential upside of 16.28% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 price target on shares of Sabre in a report on Tuesday, November 19th. StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.25.

Sabre Stock Down 0.6 %

Shares of SABR opened at $3.44 on Tuesday. Sabre has a fifty-two week low of $1.81 and a fifty-two week high of $4.60. The company has a market cap of $1.33 billion, a P/E ratio of -4.35 and a beta of 1.80. The firm’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.36.

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

Hedge Funds Weigh In On Sabre

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of Sabre by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,324,270 shares of the information technology services provider’s stock valued at $8,876,000 after buying an additional 150,989 shares during the last quarter. Rhumbline Advisers boosted its stake in Sabre by 37.0% in the second quarter. Rhumbline Advisers now owns 1,484,339 shares of the information technology services provider’s stock valued at $3,963,000 after acquiring an additional 400,980 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Sabre by 4.4% during the second quarter. Victory Capital Management Inc. now owns 77,158 shares of the information technology services provider’s stock worth $206,000 after purchasing an additional 3,270 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Sabre during the second quarter worth about $65,000. Finally, Choreo LLC purchased a new stake in shares of Sabre in the 2nd quarter valued at about $67,000. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sabre

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.