Sabre (NASDAQ:SABR) Upgraded by Sanford C. Bernstein to Market Perform Rating

Sanford C. Bernstein upgraded shares of Sabre (NASDAQ:SABR) from an underperform rating to a market perform rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. Sanford C. Bernstein currently has $3.50 price objective on the information technology services provider’s stock.

A number of other research analysts have also weighed in on SABR. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and raised their target price for the stock from $4.50 to $6.10 in a research note on Tuesday, March 4th. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st.

Sabre Stock Performance

NASDAQ SABR opened at $2.60 on Tuesday. The business has a fifty day moving average price of $3.56 and a 200 day moving average price of $3.58. The company has a market cap of $1.00 billion, a P/E ratio of -3.61, a P/E/G ratio of 2.43 and a beta of 1.62. Sabre has a one year low of $2.29 and a one year high of $4.63.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analyst estimates of $716.60 million. As a group, sell-side analysts predict that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 8,454 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Sabre by 173.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 6,298 shares during the period. Zacks Investment Management acquired a new position in shares of Sabre in the 3rd quarter valued at $41,000. MML Investors Services LLC purchased a new position in shares of Sabre during the 3rd quarter worth $45,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Sabre during the 4th quarter worth $45,000. Institutional investors and hedge funds 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.