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SAP Aktiengesellschaft (NYSE:SAP) was downgraded by analysts at Bankhaus Metzler from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, American Banking and Market News reports.

A number of other firms have also recently commented on SAP. Analysts at William Blair downgraded shares of SAP Aktiengesellschaft from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. Separately, analysts at Santander downgraded shares of SAP Aktiengesellschaft to an “underweight” rating in a research note to investors on Tuesday, January 14th. Finally, 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, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. SAP Aktiengesellschaft has an average rating of “Hold” and an average price target of $80.13.

Shares of SAP Aktiengesellschaft (NYSE:SAP) traded down 1.90% on Wednesday, hitting $79.86. 605,037 shares of the company’s stock traded hands. SAP Aktiengesellschaft has a 1-year low of $69.71 and a 1-year high of $87.42. The stock’s 50-day moving average is $83.38 and its 200-day moving average is $77.50. The company has a market cap of $95.313 billion and a price-to-earnings ratio of 24.19.

SAP Aktiengesellschaft (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.34. The company had revenue of $5.11 billion for the quarter. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that SAP Aktiengesellschaft will post $3.36 EPS 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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