SAP (NYSE:SAP)‘s stock had its “neutral” rating reissued by research analysts at DZ Bank in a research report issued to clients and investors on Monday, Borsen Zeitung reports.
Other research analysts have also issued research reports about the stock. BMO Capital Markets dropped their price target on shares of SAP from $135.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 22nd. Jefferies Financial Group increased their price target on shares of SAP from $145.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. TheStreet upgraded shares of SAP from a “c+” rating to a “b-” rating in a research note on Friday, May 1st. Oppenheimer started coverage on shares of SAP in a research note on Tuesday, June 16th. They issued a “buy” rating and a $137.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on shares of SAP from $117.00 to $142.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $138.63.
SAP stock opened at $140.00 on Monday. SAP has a 12-month low of $90.89 and a 12-month high of $143.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.41. The company has a market cap of $163.26 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 3.09 and a beta of 0.97. The company has a 50 day moving average of $127.95 and a two-hundred day moving average of $125.98.
SAP (NYSE:SAP) last released its earnings results on Tuesday, April 21st. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. SAP had a net margin of 15.27% and a return on equity of 16.19%. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that SAP will post 4.99 EPS for the current year.
Several large investors have recently added to or reduced their stakes in SAP. WASHINGTON TRUST Co bought a new position in shares of SAP during the 1st quarter worth about $25,000. Americana Partners LLC bought a new position in shares of SAP during the 4th quarter worth about $31,000. Orion Portfolio Solutions LLC bought a new position in shares of SAP during the 4th quarter worth about $36,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in SAP by 758.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 395 shares of the software maker’s stock valued at $44,000 after purchasing an additional 349 shares during the last quarter. Finally, RMR Wealth Builders bought a new position in SAP during the 4th quarter valued at about $48,000. 4.68% of the stock is owned by institutional investors.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
Read More: Trading based on a resistance level
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.