Sabre (NASDAQ:SABR) Given “Neutral” Rating 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. The brokerage currently has a $4.00 price objective on the information technology services provider’s stock.

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

Sabre Stock Up 8.9 %

Shares of SABR stock opened at $4.52 on Friday. The company has a market cap of $1.74 billion, a P/E ratio of -5.72, a PEG ratio of 1.99 and a beta of 1.79. The business has a 50 day moving average of $3.54 and a two-hundred day moving average of $3.45. Sabre has a 52 week low of $1.81 and a 52 week high of $4.63.

Sabre (NASDAQ:SABR) last released its quarterly earnings data 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 company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. Analysts expect that Sabre will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Sabre

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Sabre by 24.5% during the 3rd quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 3,116 shares during the period. Summit Investment Advisors Inc. boosted its holdings in shares of Sabre by 8.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock valued at $146,000 after acquiring an additional 3,142 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Sabre by 5.9% during the fourth quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock valued at $209,000 after acquiring an additional 3,195 shares during the period. GSA Capital Partners LLP raised its holdings in Sabre by 12.9% during the third quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider’s stock worth $171,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Xponance Inc. lifted its position in Sabre by 22.1% in the fourth quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock worth $109,000 after purchasing an additional 5,395 shares during the period. 89.42% of the stock is currently owned by institutional investors.

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.