SAP Aktiengesellschaft Given “Hold” Rating at CIBC (SAP)
SAP Aktiengesellschaft (NYSE:SAP)‘s stock had its “hold” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Wednesday, American Banking News reports. They currently have a $50.00 price objective on the stock. CIBC’s price objective indicates a potential downside of 29.93% from the company’s current price.
Shares of SAP Aktiengesellschaft (NYSE:SAP) traded up 0.59% during mid-day trading on Wednesday, hitting $71.36. The stock had a trading volume of 1,263,456 shares. SAP Aktiengesellschaft has a 52 week low of $68.25 and a 52 week high of $84.66. The stock’s 50-day moving average is $73. and its 200-day moving average is $75.82. The company has a market cap of $85.097 billion and a price-to-earnings ratio of 22.10.
SAP Aktiengesellschaft (NYSE:SAP) last issued its quarterly earnings data on Thursday, July 18th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.14. The company had revenue of $4.06 billion for the quarter. During the same quarter last year, the company posted $0.55 earnings per share. SAP Aktiengesellschaft’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that SAP Aktiengesellschaft will post $3.42 EPS for the current fiscal year.
SAP has been the subject of a number of other recent research reports. Analysts at Santander upgraded shares of SAP Aktiengesellschaft from an “underweight” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SAP Aktiengesellschaft in a research note to investors on Thursday, September 5th. They now have a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SAP Aktiengesellschaft from an “overweight” rating to a “market perform” rating in a research note to investors on Friday, July 19th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $78.55.
Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.