SAP (SAP) Given “Buy” Rating at DZ Bank

SAP (NYSE:SAP)‘s stock had its “buy” rating reaffirmed by investment analysts at DZ Bank in a report released on Friday.

SAP has been the topic of several other reports. Citigroup reaffirmed a “buy” rating on shares of SAP in a research report on Wednesday, January 10th. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, December 13th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 16th. Finally, BMO Capital Markets began coverage on SAP in a research report on Friday, October 20th. They issued a “market perform” rating and a $115.00 target price on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.55.

Shares of SAP (SAP) traded up $0.48 during trading on Friday, hitting $111.67. The company’s stock had a trading volume of 898,000 shares, compared to its average volume of 874,575. SAP has a one year low of $88.80 and a one year high of $116.90. The stock has a market cap of $137,070.00, a price-to-earnings ratio of 29.54, a PEG ratio of 2.95 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

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

A number of large investors have recently added to or reduced their stakes in the business. Eaton Vance Management raised its position in SAP by 1.1% in the second 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 period. YorkBridge Wealth Partners LLC raised its position in SAP by 2.2% in the second 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 period. Sterling Capital Management LLC raised its position in SAP by 3.5% in the second quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock valued at $551,000 after purchasing an additional 179 shares during the period. Mariner Wealth Advisors LLC raised its position in SAP by 2.2% in the second 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 period. Finally, Guardian Capital Advisors LP raised its position in SAP by 1.4% in the second quarter. Guardian Capital Advisors LP now owns 25,310 shares of the software maker’s stock valued at $2,636,000 after purchasing an additional 355 shares during the period. 3.67% 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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