SAP Aktiengesellschaft Lowered to Underweight at Santander (SAP)
SAP Aktiengesellschaft (NYSE:SAP) was downgraded by investment analysts at Santander to an “underweight” rating in a note issued to investors on Tuesday, AmericanBankingNews.com reports.
A number of other analysts have also recently weighed in on SAP. Analysts at Pacific Crest downgraded shares of SAP Aktiengesellschaft from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. Separately, analysts at UBS AG upgraded shares of SAP Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SAP Aktiengesellschaft in a research note to investors on Thursday, December 12th. They now have a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.13.
SAP Aktiengesellschaft (NYSE:SAP) opened at 82.445 on Tuesday. SAP Aktiengesellschaft has a one year low of $69.71 and a one year high of $87.42. The stock’s 50-day moving average is $83.33 and its 200-day moving average is $77.1. The company has a market cap of $98.398 billion and a P/E ratio of 24.67.
SAP Aktiengesellschaft (NYSE:SAP) last issued its quarterly earnings data 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 $3.36 earnings per share for the current fiscal year.
Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.
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