TheStreet Lowers SAP (NYSE:SAP) to C+

SAP (NYSE:SAPGet Rating) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday, TheStreetRatingsTable reports.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group decreased their price target on shares of SAP from €130.00 ($139.78) to €120.00 ($129.03) and set a “buy” rating for the company in a research note on Friday. Zacks Investment Research upgraded shares of SAP from a “strong sell” rating to a “hold” rating and set a $113.00 target price for the company in a research note on Monday, March 14th. Credit Suisse Group cut their price target on shares of SAP from €152.00 ($163.44) to €142.00 ($152.69) and set an “outperform” rating for the company in a report on Monday. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 19th. Finally, Oppenheimer downgraded shares of SAP from an “outperform” rating to a “market perform” rating in a report on Thursday, January 20th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SAP has an average rating of “Buy” and an average target price of $110.44.

Shares of SAP stock opened at $103.73 on Friday. The company has a fifty day simple moving average of $110.37 and a 200-day simple moving average of $127.65. SAP has a 12-month low of $102.32 and a 12-month high of $151.48. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. The stock has a market cap of $127.43 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 5.95 and a beta of 1.15.

SAP (NYSE:SAPGet Rating) last issued its earnings results on Thursday, January 27th. The software maker reported $1.54 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.13 billion. On average, analysts forecast that SAP will post 3.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC acquired a new stake in shares of SAP in the fourth quarter worth approximately $2,680,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SAP by 237.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,025 shares of the software maker’s stock worth $1,489,000 after acquiring an additional 7,754 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of SAP by 0.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 104,255 shares of the software maker’s stock worth $14,079,000 after acquiring an additional 902 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in shares of SAP by 3.3% in the fourth quarter. Crawford Investment Counsel Inc. now owns 431,026 shares of the software maker’s stock worth $60,391,000 after acquiring an additional 13,635 shares during the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in shares of SAP in the third quarter worth approximately $357,000.

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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