Credit Suisse Group Trims SAP (NYSE:SAP) Target Price to €142.00

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.

SAP (NYSE:SAP – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The software maker reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.07). SAP had a net margin of 18.90% and a return on equity of 15.57%. The firm had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.13 billion. Sell-side analysts anticipate that SAP will post 3.17 earnings per share for the current year.

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.

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