SAP (NYSE:SAP) had its price objective lifted by Royal Bank of Canada from $150.00 to $162.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. They currently have a sector perform rating on the software maker’s stock.
Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. reissued an overweight rating on shares of SAP in a research note on Wednesday, April 8th. DZ Bank reiterated a neutral rating on shares of SAP in a report on Thursday, July 9th. Morgan Stanley reissued an overweight rating on shares of SAP in a report on Monday, July 20th. JMP Securities upped their target price on SAP from $150.00 to $165.00 in a research report on Thursday, July 9th. Finally, Jefferies Financial Group lifted their price target on SAP from $145.00 to $149.00 and gave the company a buy rating in a research report on Monday, June 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $152.40.
SAP opened at $159.22 on Tuesday. The stock’s 50 day moving average price is $146.52 and its 200 day moving average price is $128.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 0.99. The stock has a market cap of $191.18 billion, a P/E ratio of 34.67, a P/E/G ratio of 3.92 and a beta of 0.96. SAP has a 12 month low of $90.89 and a 12 month high of $165.43.
SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.69 billion. SAP had a return on equity of 16.31% and a net margin of 16.30%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. Equities analysts anticipate that SAP will post 5.1 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in SAP. WASHINGTON TRUST Co acquired a new position in shares of SAP in the 1st quarter valued at $25,000. Valeo Financial Advisors LLC lifted its stake in SAP by 132.5% during the second quarter. Valeo Financial Advisors LLC now owns 272 shares of the software maker’s stock valued at $38,000 after buying an additional 155 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new position in shares of SAP in the second quarter worth about $42,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of SAP by 758.7% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 395 shares of the software maker’s stock worth $44,000 after acquiring an additional 349 shares in the last quarter. Finally, Community Bank N.A. acquired a new stake in shares of SAP during the second quarter valued at approximately $45,000. 4.68% of the stock is owned by institutional investors and hedge funds.
SAP Company Profile
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.
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