SAP (NYSE:SAP – Get Rating) was upgraded by investment analysts at Grupo Santander from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports. The firm presently has a €104.00 ($109.47) target price on the software maker’s stock.
Several other research analysts have also recently weighed in on the company. Cowen reduced their price objective 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. BMO Capital Markets reduced their price target on SAP from $145.00 to $118.00 and set a “market perform” rating for the company in a research report on Monday, April 25th. Credit Suisse Group reduced their price target on SAP from €152.00 ($160.00) to €142.00 ($149.47) and set an “outperform” rating for the company in a research report on Monday, April 25th. Jefferies Financial Group reduced their price target on SAP from €130.00 ($136.84) to €120.00 ($126.32) and set a “buy” rating for the company in a research report on Friday, April 22nd. Finally, TheStreet cut SAP from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $109.80.
SAP stock opened at $102.56 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $108.39 and a 200-day moving average of $125.91. SAP has a fifty-two week low of $98.58 and a fifty-two week high of $151.48.
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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