SAP Aktiengesellschaft Upgraded to “Hold” at Santander (SAP)
SAP Aktiengesellschaft (NYSE:SAP) was upgraded by research analysts at Santander from an “underweight” rating to a “hold” rating in a report released on Wednesday, Stock Ratings Network reports.
Shares of SAP Aktiengesellschaft (NYSE:SAP) opened at 72.46 on Wednesday. SAP Aktiengesellschaft has a 52 week low of $68.25 and a 52 week high of $84.66. The stock has a 50-day moving average of $74.24 and a 200-day moving average of $76.96. The company has a market cap of $86.409 billion and a P/E ratio of 22.57.
SAP Aktiengesellschaft (NYSE:SAP) last released its earnings data on Thursday, July 18th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.14. The company had revenue of $4.06 billion for the quarter. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that SAP Aktiengesellschaft will post $3.41 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of SAP Aktiengesellschaft (NYSE:SAP) in a research note to investors on Thursday, September 5th. They now have a $75.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of SAP Aktiengesellschaft (NYSE:SAP) from an “overweight” rating to a “market perform” rating in a research note to investors on Friday, July 19th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SAP Aktiengesellschaft (NYSE:SAP) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, July 19th.
Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $81.40.
Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.
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