SAP (SAP) Cut to Neutral at Cleveland Research

SAP (NYSE:SAP) was downgraded by stock analysts at Cleveland Research from a “buy” rating to a “neutral” rating in a report released on Thursday, The Fly reports.

A number of other equities analysts also recently issued reports on SAP. DZ Bank reiterated a “buy” rating on shares of SAP in a report on Friday, January 19th. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a report on Monday, October 16th. Morgan Stanley reiterated a “buy” rating on shares of SAP in a report on Monday, October 16th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of SAP in a report on Friday, October 13th. Finally, Citigroup reiterated a “buy” rating on shares of SAP in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $102.55.

SAP (SAP) traded down $0.95 during mid-day trading on Thursday, hitting $113.49. 399,326 shares of the stock traded hands, compared to its average volume of 637,944. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $138,320.00, a PE ratio of 29.63, a PEG ratio of 3.03 and a beta of 1.14. SAP has a one year low of $90.19 and a one year high of $116.90.

Large investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC acquired a new stake in shares of SAP during the 3rd quarter worth about $100,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of SAP during the 3rd quarter worth about $123,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of SAP during the 3rd quarter worth about $203,000. Boston Advisors LLC acquired a new stake in shares of SAP during the 3rd quarter worth about $209,000. Finally, Glovista Investments LLC acquired a new stake in shares of SAP during the 3rd quarter worth about $216,000. Hedge funds and other institutional investors own 3.66% of the company’s stock.

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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).