Cantor Fitzgerald Reaffirms Neutral Rating for Sabre (NASDAQ:SABR)

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

SABR has been the topic of a number of other research reports. StockNews.com lowered Sabre from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Sanford C. Bernstein restated an “underperform” rating and set a $3.00 price target on shares of Sabre in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.25.

Sabre Stock Down 0.6 %

SABR opened at $3.44 on Tuesday. The company has a market cap of $1.33 billion, a PE ratio of -4.35 and a beta of 1.80. Sabre has a twelve month low of $1.81 and a twelve month high of $4.60. The company has a 50-day moving average price of $3.70 and a 200 day moving average price of $3.36.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to analysts’ expectations of $774.53 million. Sabre’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) earnings per share. As a group, sell-side analysts expect that Sabre will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in Sabre by 267.0% in the 3rd quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 6,582 shares during the period. Zacks Investment Management acquired a new stake in shares of Sabre during the third quarter valued at about $41,000. Wellington Wealth Strategies LLC. acquired a new stake in shares of Sabre during the second quarter valued at about $32,000. 626 Financial LLC purchased a new stake in shares of Sabre in the 3rd quarter valued at approximately $44,000. Finally, MML Investors Services LLC acquired a new position in shares of Sabre in the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.