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

Cantor Fitzgerald reissued their neutral rating on shares of Sabre (NASDAQ:SABR) in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has a $4.00 price target on the information technology services provider’s stock.

Several other equities research analysts also recently commented on SABR. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $3.00 target price on shares of Sabre in a report on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.25.

Sabre Price Performance

NASDAQ SABR opened at $4.52 on Friday. Sabre has a 12 month low of $1.81 and a 12 month high of $4.63. The company has a market capitalization of $1.74 billion, a P/E ratio of -5.72, a PEG ratio of 1.99 and a beta of 1.79. The company’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.45.

Sabre (NASDAQ:SABR) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $714.72 million during the quarter, compared to the consensus estimate of $716.60 million. On average, analysts anticipate that Sabre will post -0.3 earnings per share for the current year.

Institutional Trading of Sabre

Several hedge funds and other institutional investors have recently modified their holdings of SABR. International Assets Investment Management LLC lifted its stake 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 worth $33,000 after acquiring an additional 6,582 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Sabre by 744.8% in the 4th quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 8,454 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 worth $36,000 after purchasing an additional 6,298 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Sabre during the third quarter worth approximately $41,000. Finally, MML Investors Services LLC acquired a new position in Sabre in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds 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.