Sabre (NASDAQ:SABR) Stock Rating Upgraded by Sanford C. Bernstein

Sabre (NASDAQ:SABR) was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $3.50 price objective on the information technology services provider’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 24.56% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st. Bank of America raised shares of Sabre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

Sabre Stock Performance

Shares of Sabre stock opened at $2.81 on Tuesday. The firm has a market cap of $1.08 billion, a PE ratio of -3.90, a price-to-earnings-growth ratio of 2.43 and a beta of 1.62. Sabre has a 1 year low of $2.29 and a 1 year high of $4.63. The firm’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $3.58.

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 company had revenue of $714.72 million during the quarter, compared to analyst estimates of $716.60 million. On average, equities analysts predict that Sabre will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Sabre

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its holdings in 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 worth $35,000 after acquiring an additional 8,454 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Sabre by 173.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 6,298 shares during the period. Zacks Investment Management acquired a new position in shares of Sabre in the 3rd quarter valued at $41,000. MML Investors Services LLC bought a new position in Sabre during the third quarter worth about $45,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Sabre during the 4th quarter worth approximately $45,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.