Erste Group Bank upgraded shares of SAP (NYSE:SAP – Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning, Marketbeat reports. Erste Group Bank also issued estimates for SAP’s FY2026 earnings at $7.94 EPS and FY2027 earnings at $9.36 EPS.
SAP has been the subject of several other research reports. Jefferies Financial Group restated a “buy” rating on shares of SAP in a research note on Thursday, October 22nd. Citigroup reissued a “buy” rating on shares of SAP in a research report on Friday, October 23rd. UBS Group downgraded SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Argus set a $265.00 price objective on SAP in a report on Thursday, September 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.83.
Read Our Latest Research Report on SAP
SAP Stock Up 0.4%
Shares of NYSE:SAP opened at $235.02 on Friday. SAP has a 1 year low of $144.97 and a 1 year high of $265.88. The company has a market capitalization of $288.72 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. The business has a fifty day moving average price of $217.92 and a two-hundred day moving average price of $192.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 1.15.
Hedge Funds Weigh In On SAP
Several hedge funds and other institutional investors have recently modified their holdings of SAP. V Square Quantitative Management LLC bought a new position in shares of SAP in the 3rd quarter worth about $30,000. Signature Equity Partners LLC boosted its position in shares of SAP by 75.6% in the 3rd quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SAP in the 3rd quarter worth approximately $34,000. Front Row Advisors LLC increased its position in SAP by 362.5% during the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after buying an additional 145 shares in the last quarter. Finally, West Financial Advisors LLC purchased a new stake in shares of SAP in the third quarter worth $41,000.
SAP Company Profile
SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP originally developed software to help businesses integrate accounting and operational data. The company has since become a major provider of cloud-based business applications and enterprise technology.
SAP’s portfolio includes enterprise resource planning software, including SAP S/4HANA Cloud, along with solutions for finance, procurement, supply chain management, human resources, customer experience and business analytics.
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