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SAP AG (NYSE:SAP) was downgraded by research analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a report released on Wednesday.

SAP AG (NYSE:SAP) opened at 78.54 on Wednesday. SAP AG has a 52-week low of $69.71 and a 52-week high of $87.42. The stock’s 50-day moving average is $78.66 and its 200-day moving average is $78.15. The company has a market cap of $93.816 billion and a P/E ratio of 22.58.

SAP AG (NYSE:SAP) last released its earnings data on Thursday, July 17th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.25. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that SAP AG will post $3.50 earnings per share for the current fiscal year.

SAP has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of SAP AG in a research note on Thursday, August 14th. They now have a $81.00 price target on the stock. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of SAP AG in a research note on Thursday, July 17th. They now have a $83.00 price target on the stock, up previously from $81.00. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.71.

Sap AG is engaged in enterprise applications in terms of software and software-related service revenue.

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