SAP SE (NYSE:SAP) has received an average recommendation of “Buy” from the twenty-one analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $106.11.

A number of research firms have commented on SAP. Oppenheimer restated a “buy” rating and set a $120.00 price target on shares of SAP in a research note on Tuesday, November 14th. Argus upped their price target on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research note on Monday, October 23rd. BMO Capital Markets began coverage on SAP in a research note on Friday, October 20th. They set a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. Finally, DZ Bank restated a “buy” rating on shares of SAP in a research note on Thursday, October 19th.

Several institutional investors have recently bought and sold shares of the company. Davis Selected Advisers increased its position in shares of SAP by 0.3% during the third quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after acquiring an additional 486 shares during the period. Sterling Capital Management LLC increased its position in shares of SAP by 14.9% during the third quarter. Sterling Capital Management LLC now owns 6,052 shares of the software maker’s stock worth $664,000 after acquiring an additional 785 shares during the period. Neuberger Berman Group LLC increased its position in shares of SAP by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 1,346,504 shares of the software maker’s stock worth $147,644,000 after acquiring an additional 33,768 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of SAP during the third quarter worth $123,000. Finally, Capital Bank & Trust Co increased its position in shares of SAP by 5.0% during the third quarter. Capital Bank & Trust Co now owns 268,716 shares of the software maker’s stock worth $29,465,000 after acquiring an additional 12,741 shares during the period. 24.99% of the stock is currently owned by institutional investors and hedge funds.

SAP (SAP) opened at $111.78 on Monday. SAP has a twelve month low of $81.30 and a twelve month high of $116.90. The company has a market capitalization of $137,377.63, a P/E ratio of 31.14, a P/E/G ratio of 3.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. SAP had a return on equity of 15.43% and a net margin of 15.80%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.68 billion. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts anticipate that SAP will post 4.13 EPS for the current fiscal year.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Analyst Recommendations for SAP (NYSE:SAP)

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