Sabre (NASDAQ:SABR) Stock Rating Upgraded by StockNews.com

Sabre (NASDAQ:SABR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

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

Sabre Stock Up 1.0 %

NASDAQ:SABR opened at $3.96 on Monday. The firm has a market cap of $1.53 billion, a PE ratio of -5.01 and a beta of 1.80. Sabre has a 12 month low of $1.81 and a 12 month high of $4.63. The company’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $3.27.

Sabre (NASDAQ:SABR) last announced its earnings results 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 business had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. On average, research analysts expect that Sabre will post -0.3 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of large investors have recently bought and sold shares of SABR. Earnest Partners LLC grew its holdings in shares of Sabre by 62.6% in the 2nd quarter. Earnest Partners LLC now owns 33,353,912 shares of the information technology services provider’s stock valued at $89,055,000 after acquiring an additional 12,838,230 shares in the last quarter. State Street Corp raised its position in Sabre by 1.0% during the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock worth $51,446,000 after acquiring an additional 140,218 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Sabre in the third quarter valued at $36,185,000. Geode Capital Management LLC lifted its stake in Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock valued at $33,335,000 after purchasing an additional 145,383 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Sabre by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after acquiring an additional 39,509 shares during the last quarter. 89.42% of the stock is owned by institutional investors.

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.