Cantor Fitzgerald Reaffirms “Neutral” Rating for Sabre (NASDAQ:SABR)

Sabre (NASDAQ:SABR)‘s stock had its “neutral” rating restated by equities researchers at Cantor Fitzgerald in a research report issued on Friday,Benzinga reports. They currently have a $4.00 price target on the information technology services provider’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 12.38% from the stock’s current price.

Several other research analysts have also weighed in on the stock. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein reissued an “underperform” rating and issued a $3.00 price objective 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 issued a hold rating to the company. Based on data from MarketBeat, Sabre currently has an average rating of “Hold” and a consensus price target of $3.25.

Sabre Price Performance

Shares of SABR traded up $0.42 during mid-day trading on Friday, reaching $4.57. The stock had a trading volume of 8,396,208 shares, compared to its average volume of 3,565,381. Sabre has a 52-week low of $1.81 and a 52-week high of $4.63. The business’s fifty day moving average is $3.53 and its 200 day moving average is $3.44. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -5.78, a P/E/G ratio of 1.99 and a beta of 1.79.

Sabre (NASDAQ:SABR) last announced 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 for the quarter, compared to analysts’ expectations of $716.60 million. As a group, sell-side analysts anticipate that Sabre will post -0.3 EPS for the current fiscal year.

Institutional Trading of Sabre

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Sabre by 375.5% during the third quarter. JPMorgan Chase & Co. now owns 1,530,073 shares of the information technology services provider’s stock worth $5,615,000 after purchasing an additional 1,208,269 shares in the last quarter. Geode Capital Management LLC raised its holdings in Sabre by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after purchasing an additional 145,383 shares in the last quarter. Barclays PLC raised its holdings in Sabre by 51.6% during the third quarter. Barclays PLC now owns 786,425 shares of the information technology services provider’s stock worth $2,885,000 after purchasing an additional 267,778 shares in the last quarter. Algert Global LLC grew its position in shares of Sabre by 44.2% during the third quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 134,340 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Sabre by 65.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 991,631 shares of the information technology services provider’s stock worth $3,639,000 after acquiring an additional 390,621 shares during the last quarter. Institutional investors and hedge funds 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.