Sabre (NASDAQ:SABR) Upgraded by Bank of America to Buy Rating

Bank of America upgraded shares of Sabre (NASDAQ:SABR - Free Report) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has $6.10 price target on the information technology services provider's stock, up from their previous price target of $4.50.

Other equities research analysts have also recently issued reports about the company. StockNews.com upgraded Sabre from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Cantor Fitzgerald reissued a "neutral" rating and issued a $4.00 price target on shares of Sabre in a research report on Friday, February 21st. Finally, Sanford C. Bernstein restated an "underperform" rating and set a $3.00 price target on shares of Sabre in a research note on Tuesday, November 19th.

Sabre Stock Performance

SABR traded down $0.09 during midday trading on Tuesday, reaching $3.89. The company had a trading volume of 4,085,956 shares, compared to its average volume of 3,989,651. Sabre has a 12-month low of $1.81 and a 12-month high of $4.63. The business has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $3.53. The stock has a market cap of $1.50 billion, a PE ratio of -5.40, a P/E/G ratio of 2.43 and a beta of 1.62.

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Sabre (NASDAQ:SABR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) 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, research analysts anticipate that Sabre will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Sabre by 24.5% in the third quarter. FMR LLC now owns 15,849 shares of the information technology services provider's stock valued at $58,000 after purchasing an additional 3,116 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of 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 buying an additional 3,142 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of 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. GSA Capital Partners LLP lifted its holdings in shares of Sabre by 12.9% during the 3rd quarter. GSA Capital Partners LLP now owns 46,481 shares of the information technology services provider's stock worth $171,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Xponance Inc. lifted 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 worth $109,000 after acquiring an additional 5,395 shares during 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.