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

Cantor Fitzgerald restated their neutral rating on shares of Sabre (NASDAQ:SABR) in a report published on Tuesday morning, MarketBeat Ratings reports. Cantor Fitzgerald currently has a $4.00 target price on the information technology services provider’s stock, down from their previous target price of $5.00.

A number of other research firms have also recently issued reports on SABR. StockNews.com cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.25.

Sabre Trading Down 0.6 %

NASDAQ:SABR opened at $3.44 on Tuesday. Sabre has a 1 year low of $1.81 and a 1 year high of $4.60. The firm has a 50 day moving average of $3.68 and a 200-day moving average of $3.37. The stock has a market capitalization of $1.33 billion, a P/E ratio of -4.35 and a beta of 1.80.

Sabre (NASDAQ:SABR) last posted 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 firm had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that Sabre will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in Sabre by 267.0% during 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 during the period. Zacks Investment Management bought a new stake in shares of Sabre during the 3rd quarter valued at $41,000. Wellington Wealth Strategies LLC. bought a new stake in shares of Sabre during the 2nd quarter valued at $32,000. 626 Financial LLC bought a new stake in shares of Sabre during the 3rd quarter valued at $44,000. Finally, MML Investors Services LLC bought a new stake in shares of Sabre during the 3rd quarter valued at $45,000. 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.