Barclays upgraded shares of SAP (NYSE:SAP – Get Rating) from an equal weight rating to an overweight rating in a research note published on Monday morning, Marketbeat reports. Barclays currently has $136.00 price target on the software maker’s stock, up from their previous price target of $106.00.
A number of other equities analysts have also issued reports on SAP. Cowen lowered their price target on SAP from $107.00 to $106.00 in a report on Wednesday, October 26th. StockNews.com raised SAP from a hold rating to a buy rating in a report on Friday, November 4th. Cowen lowered their price target on SAP from $107.00 to $106.00 in a report on Wednesday, October 26th. Jefferies Financial Group lowered SAP from a buy rating to an underperform rating in a report on Thursday, November 17th. Finally, JPMorgan Chase & Co. upgraded SAP from a neutral rating to an overweight rating in a research report on Friday, October 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, SAP has an average rating of Hold and an average price target of $110.07.
SAP Stock Performance
NYSE SAP opened at $109.85 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. SAP has a 52-week low of $78.22 and a 52-week high of $141.68. The business’s 50-day moving average price is $92.28 and its 200 day moving average price is $92.52. The firm has a market cap of $129.58 billion, a P/E ratio of 36.62, a P/E/G ratio of 6.98 and a beta of 1.10.
Institutional Investors Weigh In On SAP
SAP Company Profile
SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
- Get a free copy of the StockNews.com research report on SAP (SAP)
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