SAP (NYSE:SAP) Cut to “Buy” at StockNews.com

SAP (NYSE:SAP) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research analysts also recently weighed in on SAP. Barclays upped their price objective on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. KeyCorp initiated coverage on shares of SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. BMO Capital Markets upped their price target on shares of SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group upped their price target on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.80.

SAP Trading Down 0.3 %

Shares of SAP stock opened at $179.94 on Thursday. The firm has a 50-day simple moving average of $187.32 and a two-hundred day simple moving average of $163.45. The company has a market cap of $212.25 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.72 and a beta of 1.25. SAP has a fifty-two week low of $126.40 and a fifty-two week high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a return on equity of 9.54% and a net margin of 20.30%. As a group, equities analysts predict that SAP will post 4.36 earnings per share for the current fiscal year.

Institutional Trading of SAP

A number of hedge funds have recently bought and sold shares of SAP. Northwest Investment Counselors LLC acquired a new stake in SAP in the 1st quarter valued at about $25,000. FinTrust Capital Advisors LLC raised its holdings in SAP by 130.8% in the 4th quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock valued at $25,000 after acquiring an additional 136 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in SAP in the 2nd quarter valued at about $25,000. Column Capital Advisors LLC raised its holdings in SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after acquiring an additional 121 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in SAP in the 1st quarter valued at about $29,000.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.