Sabre Co. (NASDAQ:SABR) Given Average Rating of “Hold” by Brokerages

Posted by Defense World Staff on Aug 5th, 2023

Shares of Sabre Co. (NASDAQ:SABR – Get Free Report) have earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.50.

Several analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $5.50 price objective on shares of Sabre in a report on Friday. Mizuho lowered their target price on Sabre from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 target price on the stock in a research note on Monday, May 15th. Finally, StockNews.com initiated coverage on Sabre in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

Insider Activity at Sabre

In related news, insider Sean E. Menke sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $5.01, for a total value of $501,000.00. Following the completion of the sale, the insider now owns 1,867,340 shares of the company’s stock, valued at approximately $9,355,373.40. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sabre

Several large investors have recently made changes to their positions in SABR. Raymond James & Associates grew its stake in shares of Sabre by 8.1% in the 1st quarter. Raymond James & Associates now owns 177,468 shares of the information technology services provider’s stock valued at $2,028,000 after buying an additional 13,361 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Sabre by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 3,141,433 shares of the information technology services provider’s stock worth $35,907,000 after purchasing an additional 26,741 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Sabre by 42.6% in the 1st quarter. MetLife Investment Management LLC now owns 223,500 shares of the information technology services provider’s stock worth $2,555,000 after purchasing an additional 66,759 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Sabre by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,536 shares of the information technology services provider’s stock worth $1,355,000 after purchasing an additional 11,302 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Sabre by 9.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 181,986 shares of the information technology services provider’s stock worth $2,140,000 after purchasing an additional 16,079 shares during the last quarter.

Sabre Trading Down 1.2 %

NASDAQ SABR opened at $4.83 on Friday. The stock’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $4.39. The company has a market cap of $1.60 billion, a PE ratio of -2.63 and a beta of 1.83. Sabre has a 1 year low of $2.99 and a 1 year high of $8.31.

Sabre (NASDAQ:SABR – Get Free Report) last posted its quarterly earnings data on Thursday, May 4th. The information technology services provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.06. The company had revenue of $742.70 million for the quarter, compared to analyst estimates of $727.68 million. Research analysts forecast that Sabre will post -0.75 EPS for the current fiscal year.

About Sabre

(Get Free Report

Sabre Corporation, through its subsidiaries, provides software and technology solutions for the travel industry worldwide. It operates in 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.