Sabre (NASDAQ:SABR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Sabre (NASDAQ:SABR) from a hold rating to a buy rating in a research note issued to investors on Monday.

Separately, Sanford C. Bernstein restated an “underperform” rating and issued a $3.00 price objective on shares of Sabre in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.50.

Sabre Stock Performance

SABR stock opened at $3.92 on Monday. The company’s fifty day moving average price is $3.66 and its 200-day moving average price is $3.26. Sabre has a one year low of $1.81 and a one year high of $4.63. The company has a market capitalization of $1.51 billion, a PE ratio of -4.96 and a beta of 1.80.

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

Hedge Funds Weigh In On Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in SABR. Geode Capital Management LLC boosted its holdings in Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after buying an additional 145,383 shares in the last quarter. Barclays PLC grew its position in shares of Sabre by 51.6% in the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock valued at $2,885,000 after purchasing an additional 267,778 shares during the period. MML Investors Services LLC purchased a new stake in Sabre in the 3rd quarter valued at about $45,000. XTX Topco Ltd acquired a new position in Sabre during the third quarter worth approximately $244,000. Finally, Zacks Investment Management acquired a new stake in shares of Sabre during the 3rd quarter worth $41,000. 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.