SAP (NYSE:SAP) had its price target cut by research analysts at Barclays from $142.00 to $137.00 in a research note issued on Friday. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays’ price objective points to a potential upside of 25.67% from the stock’s current price.

A number of other brokerages have also commented on SAP. ValuEngine lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of SAP from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Royal Bank of Canada reiterated a “$121.96” rating on shares of SAP in a report on Wednesday, July 18th. DZ Bank reiterated a “buy” rating on shares of SAP in a report on Friday, July 20th. Finally, Oppenheimer lifted their price target on shares of SAP from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.60.

Shares of SAP stock opened at $109.02 on Friday. SAP has a fifty-two week low of $99.20 and a fifty-two week high of $127.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $133.93 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 3.39 and a beta of 1.23.

SAP (NYSE:SAP) last issued its earnings results on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.69%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in SAP. Signature Estate & Investment Advisors LLC acquired a new position in SAP in the second quarter valued at $102,000. First Hawaiian Bank acquired a new position in SAP in the third quarter valued at $134,000. Vigilant Capital Management LLC acquired a new position in SAP in the second quarter valued at $149,000. Summit Trail Advisors LLC lifted its holdings in SAP by 11,404.8% in the first quarter. Summit Trail Advisors LLC now owns 190,750 shares of the software maker’s stock valued at $191,000 after buying an additional 189,092 shares during the period. Finally, BSW Wealth Partners acquired a new position in SAP in the second quarter valued at $200,000. Institutional investors and hedge funds own 4.53% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Analyst Recommendations for SAP (NYSE:SAP)

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