SAP (SAP) Rating Lowered to Market Weight at Cowen

SAP (NYSE:SAP) was downgraded by equities researchers at Cowen from an “outperform” rating to a “market weight” rating in a research note issued on Friday.

A number of other equities research analysts have also commented on SAP. Citigroup reissued a “buy” rating on shares of SAP in a report on Wednesday. Morgan Stanley lowered shares of SAP from an “overweight” rating to an “equal weight” rating in a report on Thursday. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a report on Monday, October 16th. Argus increased their price objective on shares of SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $102.55.

Shares of SAP (NYSE SAP) traded down $3.23 during trading on Friday, hitting $109.64. 2,291,100 shares of the company were exchanged, compared to its average volume of 761,163. The firm has a market cap of $134,710.00, a PE ratio of 29.71, a P/E/G ratio of 3.13 and a beta of 1.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP has a 1-year low of $88.67 and a 1-year high of $116.90.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Global Advisors LLC boosted its stake in shares of SAP by 0.3% in the 2nd quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock valued at $363,000 after purchasing an additional 12 shares during the last quarter. Eaton Vance Management boosted its stake in shares of SAP by 1.1% in the 2nd quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock valued at $228,000 after purchasing an additional 23 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of SAP by 2.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock valued at $372,000 after purchasing an additional 79 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of SAP by 4.3% in the 2nd quarter. Private Advisor Group LLC now owns 4,361 shares of the software maker’s stock valued at $455,000 after purchasing an additional 179 shares during the last quarter. Finally, Mariner Wealth Advisors LLC boosted its stake in shares of SAP by 2.2% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 8,415 shares of the software maker’s stock valued at $881,000 after purchasing an additional 179 shares during the last quarter. 3.66% of the stock is currently owned by institutional investors.

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SAP Company Profile

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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