Sabre (NASDAQ:SABR) Given New $3.50 Price Target at Morgan Stanley

Sabre (NASDAQ:SABR) had its target price reduced by research analysts at Morgan Stanley from $5.00 to $3.50 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 73.27% from the company’s current price.

Other equities research analysts also recently issued reports about the company. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and increased their target price for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective on the stock in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $4.00 price target on shares of Sabre in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.28.

Sabre Trading Down 5.2 %

Shares of SABR stock traded down $0.11 during midday trading on Wednesday, reaching $2.02. 2,990,384 shares of the stock were exchanged, compared to its average volume of 4,399,486. The firm has a market cap of $779.86 million, a PE ratio of -2.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The company’s 50 day moving average is $3.28 and its two-hundred day moving average is $3.48. Sabre has a 1 year low of $1.93 and a 1 year high of $4.63.

Sabre (NASDAQ:SABR) last announced its earnings results on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to analysts’ expectations of $716.60 million. As a group, equities analysts expect that Sabre will post 0.04 EPS for the current fiscal year.

Institutional Trading of Sabre

A number of hedge funds and other institutional investors have recently bought and sold shares of SABR. FMR LLC boosted its position in shares of Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 3,116 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Sabre by 8.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 39,995 shares of the information technology services provider’s stock worth $146,000 after purchasing an additional 3,142 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Sabre by 5.9% during the 4th quarter. Hsbc Holdings PLC now owns 57,426 shares of the information technology services provider’s stock valued at $209,000 after buying an additional 3,195 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Sabre by 22.1% during the 4th quarter. Xponance Inc. now owns 29,770 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 5,395 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Sabre by 173.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 6,298 shares in the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

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.