SAP (SAP) Downgraded by Cowen to Market Weight
SAP has been the subject of a number of other reports. Zacks Investment Research raised SAP from a hold rating to a buy rating and set a $125.00 price target for the company in a research note on Wednesday, December 13th. Stifel Nicolaus reiterated a sell rating and set a $75.00 price objective on shares of SAP in a research report on Thursday, October 12th. BMO Capital Markets began coverage on SAP in a research report on Friday, October 20th. They set a market perform rating and a $115.00 price objective for the company. They noted that the move was a valuation call. Morgan Stanley reiterated a buy rating on shares of SAP in a research report on Monday, October 16th. Finally, Desjardins upgraded SAP to a buy rating and set a $49.00 price objective for the company in a research report on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $102.55.
Shares of SAP (NYSE:SAP) traded up $0.49 during midday 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 current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a market cap of $134,100.00, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.92 and a beta of 1.14. SAP has a 52-week low of $88.80 and a 52-week high of $116.90.
SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The firm’s revenue was up 4.0% on a year-over-year basis. analysts predict that SAP will post 4.13 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of SAP in the third quarter valued at $100,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of SAP in the third quarter valued at $123,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of SAP in the third quarter valued at $203,000. Boston Advisors LLC purchased a new stake in shares of SAP in the third quarter valued at $209,000. Finally, Glovista Investments LLC purchased a new stake in shares of SAP in the third quarter valued at $216,000. Institutional investors own 3.67% of the company’s stock.
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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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