Sanford C. Bernstein Reiterates “Underperform” Rating for Sabre (NASDAQ:SABR)

Sabre (NASDAQ:SABR)‘s stock had its “underperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a research note issued on Tuesday, Marketbeat reports. They presently have a $3.00 price objective on the information technology services provider’s stock. Sanford C. Bernstein’s price target would indicate a potential downside of 16.67% from the stock’s previous close.

Separately, StockNews.com downgraded shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.50.

Sabre Price Performance

Shares of NASDAQ SABR opened at $3.60 on Tuesday. Sabre has a 12 month low of $1.81 and a 12 month high of $4.68. The company has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $3.16. The company has a market cap of $1.39 billion, a PE ratio of -4.56 and a beta of 1.74.

Sabre (NASDAQ:SABR) last released its 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 analysts’ expectations of $774.53 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Sabre’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Sabre will post -0.31 EPS for the current year.

Institutional Trading of Sabre

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 6,582 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Sabre in the second quarter valued at $26,000. Triangle Securities Wealth Management acquired a new stake in Sabre in the second quarter valued at $29,000. Zacks Investment Management acquired a new stake in Sabre in the third quarter valued at $41,000. Finally, Wellington Wealth Strategies LLC. acquired a new stake in Sabre in the second quarter valued at $32,000. 89.42% of the stock is owned by institutional investors and hedge funds.

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.