JPMorgan Chase & Co. Lowers SAP (NYSE:SAP) Price Target to €115.00

SAP (NYSE:SAPGet Rating) had its target price lowered by analysts at JPMorgan Chase & Co. from €135.00 ($145.16) to €115.00 ($123.66) in a research note issued to investors on Monday, The Fly reports. The brokerage currently has a “neutral” rating on the software maker’s stock.

A number of other brokerages have also recently issued reports on SAP. Cowen decreased their target price on SAP from $145.00 to $136.00 and set a “market perform” rating for the company in a research report on Friday, January 28th. Jefferies Financial Group decreased their target price on SAP from €130.00 ($139.78) to €120.00 ($129.03) and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets decreased their target price on SAP from $145.00 to $118.00 and set a “market perform” rating for the company in a research report on Monday. Credit Suisse Group decreased their target price on SAP from €152.00 ($163.44) to €142.00 ($152.69) and set an “outperform” rating for the company in a research report on Monday. Finally, Oppenheimer cut SAP from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 20th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.44.

Shares of SAP traded down $2.58 during mid-day trading on Monday, reaching $103.76. The company’s stock had a trading volume of 47,038 shares, compared to its average volume of 1,106,521. SAP has a 12-month low of $102.22 and a 12-month high of $151.48. The stock has a market cap of $127.47 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 5.95 and a beta of 1.15. 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 company’s 50 day moving average is $110.70 and its 200 day moving average is $127.87.

SAP (NYSE:SAPGet Rating) last announced its earnings results on Thursday, January 27th. The software maker reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that SAP will post 3.17 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Evoke Wealth LLC lifted its holdings in shares of SAP by 196.8% in the 3rd quarter. Evoke Wealth LLC now owns 187 shares of the software maker’s stock valued at $25,000 after buying an additional 124 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of SAP in the 4th quarter valued at approximately $29,000. CVA Family Office LLC acquired a new stake in shares of SAP in the 4th quarter valued at approximately $30,000. Arlington Partners LLC acquired a new stake in shares of SAP in the 4th quarter valued at approximately $31,000. Finally, Concord Wealth Partners increased its stake in SAP by 224.3% in the 4th quarter. Concord Wealth Partners now owns 227 shares of the software maker’s stock valued at $32,000 after purchasing an additional 157 shares in the last quarter.

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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