SAP (NYSE:SAP) Lowered to Buy at StockNews.com

SAP (NYSE:SAPGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other equities research analysts have also commented on SAP. Credit Suisse Group dropped their price target on SAP from €152.00 ($163.44) to €142.00 ($152.69) and set an “outperform” rating for the company in a research note on Monday. Jefferies Financial Group dropped their price target on 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, April 22nd. TheStreet downgraded SAP from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. Zacks Investment Research raised SAP from a “strong sell” rating to a “hold” rating and set a $113.00 target price for the company in a research report on Monday, March 14th. Finally, 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. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $110.44.

SAP stock opened at $99.53 on Thursday. The firm has a market capitalization of $122.27 billion, a P/E ratio of 20.23, a PEG ratio of 5.95 and a beta of 1.15. The stock has a fifty day moving average price of $109.58 and a 200 day moving average price of $127.26. SAP has a 52 week low of $98.90 and a 52 week 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.

SAP (NYSE:SAPGet Rating) last announced its quarterly 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 for the quarter, compared to analyst estimates of $9.13 billion. SAP had a return on equity of 15.57% and a net margin of 18.90%. As a group, equities analysts predict that SAP will post 3.17 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Sustainable Growth Advisers LP raised its position in shares of SAP by 21.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 1,217,659 shares of the software maker’s stock worth $164,433,000 after purchasing an additional 213,728 shares during the period. First Trust Advisors LP raised its position in shares of SAP by 8.4% during the 4th quarter. First Trust Advisors LP now owns 1,104,862 shares of the software maker’s stock worth $154,802,000 after purchasing an additional 85,772 shares during the period. Neuberger Berman Group LLC raised its position in shares of SAP by 7.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 912,697 shares of the software maker’s stock worth $122,420,000 after purchasing an additional 64,363 shares during the period. Polen Capital Management LLC raised its position in shares of SAP by 10.0% during the 3rd quarter. Polen Capital Management LLC now owns 792,271 shares of the software maker’s stock worth $106,988,000 after purchasing an additional 71,717 shares during the period. Finally, Royal Bank of Canada raised its position in shares of SAP by 9.1% during the 3rd quarter. Royal Bank of Canada now owns 714,529 shares of the software maker’s stock worth $96,491,000 after purchasing an additional 59,604 shares during the period.

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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Analyst Recommendations for SAP (NYSE:SAP)

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