SAP Aktiengesellschaft Now Covered by Analysts at Bank of America Corp. (SAP)
Analysts at Bank of America Corp. initiated coverage on shares of SAP Aktiengesellschaft (NYSE:SAP) in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm set a “buy” rating on the stock.
SAP Aktiengesellschaft (NYSE:SAP) traded down 0.89% on Wednesday, hitting $78.27. 374,754 shares of the company’s stock traded hands. SAP Aktiengesellschaft has a 52-week low of $65.32 and a 52-week high of $84.66. The stock’s 50-day moving average is $74.21 and its 200-day moving average is $76.86. The company has a market cap of $93.337 billion and a price-to-earnings ratio of 24.60.
SAP Aktiengesellschaft (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.19. The company had revenue of $4.06 billion for the quarter. During the same quarter last year, the company posted $0.52 earnings per share. SAP Aktiengesellschaft’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that SAP Aktiengesellschaft will post $3.40 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of SAP Aktiengesellschaft to $80.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at CIBC reiterated a “hold” rating on shares of SAP Aktiengesellschaft in a research note to investors on Wednesday, October 9th. They now have a $50.00 price target on the stock. Finally, 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. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $79.00.
Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.
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