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SAP Aktiengesellschaft (NYSE:SAP) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Santander downgraded shares of SAP Aktiengesellschaft to an “underweight” rating in a research note to investors on Tuesday, January 14th. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. SAP Aktiengesellschaft has a consensus rating of “Hold” and a consensus price target of $80.13.

Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.

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