SAP (SAP) Given Buy Rating at DZ Bank

DZ Bank restated their buy rating on shares of SAP (NYSE:SAP) in a research report report published on Friday morning.

Several other analysts also recently issued reports on SAP. Argus upped their price target on SAP from $118.00 to $130.00 and gave the stock a buy rating in a research note on Monday, October 23rd. Zacks Investment Research downgraded SAP from a buy rating to a hold rating in a research note on Tuesday, December 12th. Oppenheimer reiterated a buy rating and set a $120.00 price target on shares of SAP in a research note on Tuesday, November 14th. Morgan Stanley downgraded SAP from an overweight rating to an equal weight rating in a research note on Thursday, January 11th. Finally, BMO Capital Markets initiated coverage on SAP in a research note on Friday, October 20th. They set a market perform rating and a $115.00 price target for the company. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven 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 $1.53 during mid-day trading on Friday, reaching $113.20. The company’s stock had a trading volume of 821,878 shares, compared to its average volume of 606,057. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. SAP has a 12 month low of $88.84 and a 12 month high of $116.90. The firm has a market cap of $138,950.00, a price-to-earnings ratio of 29.95, a P/E/G ratio of 2.97 and a beta of 1.14.

SAP (NYSE:SAP) last issued its earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the 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 company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP’s revenue was up 4.0% on a year-over-year basis. sell-side analysts forecast that SAP will post 4.13 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in SAP. Harding Loevner LP boosted its stake in SAP by 4,590.3% during the 3rd quarter. Harding Loevner LP now owns 267,928,144 shares of the software maker’s stock valued at $402,798,000 after purchasing an additional 262,215,799 shares during the period. FMR LLC boosted its stake in SAP by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after purchasing an additional 390,380 shares during the period. Canada Pension Plan Investment Board bought a new stake in SAP during the 3rd quarter valued at approximately $33,601,000. Fisher Asset Management LLC boosted its stake in SAP by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 6,599,155 shares of the software maker’s stock valued at $723,597,000 after purchasing an additional 136,874 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in SAP during the 3rd quarter valued at approximately $11,449,000. Hedge funds and other institutional investors own 3.67% of the company’s stock.

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About SAP

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).

Analyst Recommendations for SAP (NYSE:SAP)

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