SAP (NYSE:SAP) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of SAP (NYSE:SAP – Get Rating) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

A number of other equities analysts also recently issued reports on SAP. Oppenheimer downgraded SAP from an outperform rating to a market perform rating in a research note on Thursday, January 20th. Zacks Investment Research upgraded SAP from a strong sell rating to a hold rating and set a $113.00 price target for the company in a research note on Monday, March 14th. Cowen cut their price target on SAP from $145.00 to $136.00 and set a market perform rating for the company in a research note on Friday, January 28th. Credit Suisse Group assumed coverage on SAP in a research note on Thursday, March 31st. They set an outperform rating for the company. Finally, BMO Capital Markets boosted their target price on SAP from $150.00 to $155.00 in a research note on Wednesday, January 19th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $115.57.

Shares of SAP opened at $105.24 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50-day moving average of $111.61 and a 200-day moving average of $128.52. The company has a market cap of $129.29 billion, a PE ratio of 19.97, a P/E/G ratio of 3.28 and a beta of 1.15. SAP has a one year low of $103.20 and a one year high of $151.48.

SAP (NYSE:SAP – Get Rating) last issued its earnings results on Thursday, January 27th. The software maker reported $1.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.07). The firm had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.13 billion. SAP had a net margin of 18.90% and a return on equity of 15.57%. Analysts expect that SAP will post 3.17 EPS for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 20th will be issued a $2.66 dividend. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, May 19th. This is a boost from SAP’s previous annual dividend of $2.19. SAP’s payout ratio is 30.93%.

Several large investors have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new stake in SAP during the 3rd quarter valued at $6,555,000. Morgan Stanley raised its holdings in SAP by 2.1% during the 2nd quarter. Morgan Stanley now owns 478,867 shares of the software maker’s stock valued at $67,260,000 after acquiring an additional 9,654 shares during the period. Bank of America Corp DE raised its holdings in SAP by 41.8% during the 2nd quarter. Bank of America Corp DE now owns 1,126,494 shares of the software maker’s stock valued at $158,227,000 after acquiring an additional 332,017 shares during the period. M&T Bank Corp raised its holdings in SAP by 0.9% during the 3rd quarter. M&T Bank Corp now owns 22,195 shares of the software maker’s stock valued at $2,997,000 after acquiring an additional 192 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in SAP during the 3rd quarter valued at $756,000.

About SAP (Get Rating)

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.

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