Sabre Corporation (SABR) : Analyst Rating Update

Sabre Corporation (SABR) : 9 analysts are covering Sabre Corporation (SABR) and their average rating on the stock is 1, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Sabre Corporation (SABR) : The most positive equity analysts on Sabre Corporation (SABR) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $34.1 with an expected fluctuation of $1.1 from the mean.

Sabre Corporation (NASDAQ:SABR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.96 and $26.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.08, notching a gain of 0.26% for the day. The total traded volume was 2,783,279 . The stock had closed at $27.01 on the previous day.

Also, SunTrust Robinson Humphrey upgrades its rating on Sabre Corporation (NASDAQ:SABR). Analysts at the SunTrust Robinson Humphrey have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 1, 2016. The company shares have rallied 12.31% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $30.46 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.47 and the 200 Day Moving Average price is recorded at $27.43.

Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.

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