SAP AG Receives Average Rating of “Hold” from Brokerages (NYSE:SAP)
Shares of SAP AG (NYSE:SAP) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, AnalystRatingsNetwork.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $78.38.
A number of research firms have recently commented on SAP. Analysts at BMO Capital Markets initiated coverage on shares of SAP AG in a research note on Friday. They set a “market perform” rating and a $80.00 price target on the stock. Separately, analysts at Evercore Partners cut their price target on shares of SAP AG from $82.00 to $81.00 in a research note on Monday, March 24th. Finally, analysts at Citigroup Inc. upgraded shares of SAP AG from a “neutral” rating to a “buy” rating in a research note on Monday, March 17th.
SAP AG (NYSE:SAP) traded down 1.43% on Friday, hitting $75.27. 365,292 shares of the company’s stock traded hands. SAP AG has a one year low of $69.71 and a one year high of $87.42. The stock has a 50-day moving average of $79.5 and a 200-day moving average of $80.12. The company has a market cap of $89.835 billion and a price-to-earnings ratio of 19.73.
SAP AG (NYSE:SAP) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.03. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that SAP AG will post $3.44 earnings per share for the current fiscal year.
Sap AG is engaged in enterprise applications in terms of software and software-related service revenue.
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