Sabre (NASDAQ:SABR) Stock Price Up 10.3% – Should You Buy?

Sabre Co. (NASDAQ:SABR)’s stock price rose 10.3% during trading on Tuesday . The company traded as high as $2.18 and last traded at $2.21. Approximately 1,649,826 shares traded hands during trading, a decline of 61% from the average daily volume of 4,271,785 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

SABR has been the topic of several recent analyst reports. StockNews.com raised shares of Sabre from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Sanford C. Bernstein raised shares of 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. Bank of America raised Sabre from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.50 to $6.10 in a research report on Tuesday, March 4th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $4.00 price objective on shares of Sabre in a research note on Friday, February 21st.

Sabre Stock Up 0.2 %

The firm has a market capitalization of $774.07 million, a P/E ratio of -2.78, a PEG ratio of 2.43 and a beta of 1.39. The firm has a 50 day moving average of $3.47 and a 200-day moving average of $3.55.

Sabre (NASDAQ:SABR) last posted 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, research analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Sabre by 1.0% in the third quarter. State Street Corp now owns 14,018,002 shares of the information technology services provider’s stock valued at $51,446,000 after purchasing an additional 140,218 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sabre by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,081,259 shares of the information technology services provider’s stock worth $33,335,000 after buying an additional 145,383 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Sabre by 831.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,859,649 shares of the information technology services provider’s stock worth $21,388,000 after acquiring an additional 5,230,239 shares during the period. U S Global Investors Inc. purchased a new stake in shares of Sabre during the 4th quarter worth approximately $20,509,000. Finally, Northern Trust Corp lifted its holdings in Sabre by 7.8% during the fourth quarter. Northern Trust Corp now owns 4,589,185 shares of the information technology services provider’s stock valued at $16,751,000 after purchasing an additional 333,690 shares during the last quarter. Institutional investors own 89.42% of the company’s stock.

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.