SAP SE (NYSE:SAP – Get Rating) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a decline of 11.7% from the February 13th total of 1,280,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 856,800 shares, the days-to-cover ratio is currently 1.3 days.
Wall Street Analyst Weigh In
SAP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of SAP from €115.00 ($122.34) to €120.00 ($127.66) and gave the stock a “buy” rating in a research note on Thursday, January 12th. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 22nd. Barclays boosted their price objective on shares of SAP from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 8th. BMO Capital Markets boosted their target price on shares of SAP from $110.00 to $125.00 and gave the stock a “market perform” rating in a research report on Friday, January 27th. Finally, Stifel Nicolaus boosted their target price on shares of SAP from €130.00 ($138.30) to €135.00 ($143.62) and gave the stock a “buy” rating in a research report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $114.13.
SAP Stock Down 0.5 %
SAP stock opened at $115.46 on Monday. The company has a 50-day simple moving average of $115.68 and a 200-day simple moving average of $102.58. The firm has a market capitalization of $136.19 billion, a P/E ratio of 56.05, a P/E/G ratio of 2.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. SAP has a one year low of $78.22 and a one year high of $123.28.
Hedge Funds Weigh In On SAP
SAP Company Profile
SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.
- Get a free copy of the StockNews.com research report on SAP (SAP)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.