SAP (NYSE:SAP – Get Rating) had its price objective decreased by stock analysts at Credit Suisse Group from €152.00 ($163.44) to €142.00 ($152.69) in a research report issued on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the software maker’s stock.
A number of other research firms have also recently weighed in on SAP. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 19th. Cowen lowered their price objective on SAP from $145.00 to $136.00 and set a “market perform” rating on the stock in a research report on Friday, January 28th. BMO Capital Markets lowered their price objective on SAP from $145.00 to $118.00 and set a “market perform” rating on the stock in a research report on Monday. Jefferies Financial Group lowered their price objective on SAP from €130.00 ($139.78) to €120.00 ($129.03) and set a “buy” rating on the stock in a research report on Friday. Finally, Oppenheimer cut SAP from an “outperform” rating to a “market perform” rating in a report on Thursday, January 20th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $110.44.
Shares of SAP stock traded down $2.58 during trading hours on Monday, reaching $103.76. 47,038 shares of the stock traded hands, compared to its average volume of 1,106,521. The company has a 50 day moving average price of $110.70 and a 200 day moving average price of $127.87. The firm has a market capitalization of $127.47 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 5.95 and a beta of 1.15. SAP has a one year low of $102.22 and a one year high of $151.48. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.27.
Institutional investors and hedge funds have recently modified their holdings of the company. Evoke Wealth LLC raised its holdings in shares of SAP by 196.8% during the 3rd quarter. Evoke Wealth LLC now owns 187 shares of the software maker’s stock worth $25,000 after acquiring an additional 124 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 4th quarter worth approximately $29,000. CVA Family Office LLC bought a new position in shares of SAP during the 4th quarter valued at approximately $30,000. Fortis Advisors LLC bought a new position in shares of SAP during the 3rd quarter valued at approximately $31,000. Finally, Arlington Partners LLC bought a new position in shares of SAP during the 4th quarter valued at approximately $31,000.
SAP Company Profile (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.
- Get a free copy of the StockNews.com research report on SAP (SAP)
- Hasbro Insider Bets Big On Stock Rebound
- The Coca-Cola Company Gets KO’d After Stunning Quarter
- Schwab Stock Can Be Caught Down Here
- Snap Up Some Snap-On On Post-Earnings Weakness
- Time to Buy any Dip in Prologis Stock
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.