SAP (NYSE:SAP) was downgraded by equities research analysts at Cowen from an “outperform” rating to a “market weight” rating in a report released on Friday.
Several other research firms also recently commented on SAP. Zacks Investment Research downgraded SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley downgraded SAP from an “overweight” rating to an “equal weight” rating in a report on Thursday. Oppenheimer reaffirmed a “buy” rating and set a $120.00 price target on shares of SAP in a report on Tuesday, November 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of SAP in a report on Friday, October 13th. Finally, Desjardins raised SAP to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, December 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. SAP presently has a consensus rating of “Buy” and a consensus price target of $102.55.
SAP (NYSE:SAP) traded up $0.49 during trading on Friday, reaching $110.13. The company’s stock had a trading volume of 1,603,400 shares, compared to its average volume of 854,744. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP has a twelve month low of $88.80 and a twelve month high of $116.90. The company has a market capitalization of $134,100.00, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.92 and a beta of 1.14.
SAP (NYSE:SAP) last released its earnings results on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.68 billion. SAP’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts expect that SAP will post 4.13 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new stake in SAP during the third quarter valued at $100,000. Bank of Nova Scotia Trust Co. purchased a new stake in SAP during the third quarter valued at $123,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in SAP during the third quarter valued at $203,000. Boston Advisors LLC purchased a new stake in SAP during the third quarter valued at $209,000. Finally, Glovista Investments LLC purchased a new stake in SAP during the third quarter valued at $216,000. 3.67% of the stock is currently owned by hedge funds and other institutional investors.
SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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