Sabre (NASDAQ:SABR) was downgraded by equities research analysts at Evercore ISI from an “outperform” rating to an “underperform” rating in a note issued to investors on Friday.

SABR has been the subject of a number of other reports. Zacks Investment Research raised Sabre from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Goldman Sachs Group cut Sabre from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $20.00 in a report on Monday, September 11th. Deutsche Bank reaffirmed a “buy” rating and set a $22.00 price target (down from $25.00) on shares of Sabre in a report on Monday, October 9th. TheStreet raised Sabre from a “c” rating to a “b-” rating in a report on Monday, November 27th. Finally, Cowen set a $23.00 price target on Sabre and gave the company a “buy” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.63.

Sabre (SABR) opened at $20.89 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 5.29. The company has a market capitalization of $5,757.52, a P/E ratio of 31.18, a P/E/G ratio of 5.14 and a beta of 0.76. Sabre has a 52-week low of $17.30 and a 52-week high of $25.33.

Sabre (NASDAQ:SABR) last posted its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The business had revenue of $900.60 million during the quarter, compared to the consensus estimate of $884.04 million. Sabre had a return on equity of 53.97% and a net margin of 5.22%. Sabre’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. analysts forecast that Sabre will post 1.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Sabre by 55.6% in the 2nd quarter. Advisor Group Inc. now owns 5,681 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 2,029 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Sabre in the 2nd quarter valued at $203,000. Citigroup Inc. increased its stake in shares of Sabre by 98.9% in the 2nd quarter. Citigroup Inc. now owns 9,521 shares of the information technology services provider’s stock valued at $207,000 after buying an additional 4,734 shares during the period. Toronto Dominion Bank increased its stake in shares of Sabre by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 254 shares during the period. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of Sabre in the 2nd quarter valued at $287,000.

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About Sabre

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

Analyst Recommendations for Sabre (NASDAQ:SABR)

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