SAP (SAP) Given a $80.00 Price Target at Stifel Nicolaus

SAP (NYSE:SAP) received a $80.00 price target from research analysts at Stifel Nicolaus in a research note issued to investors on Monday. The brokerage currently has a “sell” rating on the software maker’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 22.14% from the stock’s previous close.

SAP has been the topic of a number of other research reports. Zacks Investment Research lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. BMO Capital Markets started coverage on shares of SAP in a report on Friday, October 20th. They set a “market perform” rating and a $115.00 target price on the stock. They noted that the move was a valuation call. Morgan Stanley lowered shares of SAP from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 11th. Desjardins raised shares of SAP to a “buy” rating and set a $49.00 target price on the stock in a report on Thursday, December 28th. Finally, Cowen lowered shares of SAP from an “outperform” rating to a “market weight” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $104.67.

Shares of SAP (NYSE SAP) opened at $102.75 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17. The firm has a market cap of $125,345.71, a P/E ratio of 26.62, a P/E/G ratio of 2.79 and a beta of 1.11. SAP has a twelve month low of $91.39 and a twelve month high of $116.90.

Several large investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of SAP by 3.5% in the 2nd quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock worth $551,000 after buying an additional 179 shares during the last quarter. Investment House LLC increased its holdings in shares of SAP by 0.9% in the 3rd quarter. Investment House LLC now owns 52,808 shares of the software maker’s stock worth $5,790,000 after buying an additional 450 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in shares of SAP by 2.6% in the 4th quarter. Eqis Capital Management Inc. now owns 18,062 shares of the software maker’s stock worth $2,029,000 after buying an additional 456 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of SAP by 7.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 6,855 shares of the software maker’s stock worth $770,000 after buying an additional 470 shares during the last quarter. Finally, Davis Selected Advisers increased its holdings in shares of SAP by 0.3% in the 3rd quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after buying an additional 486 shares during the last quarter. 3.65% of the stock is currently owned by hedge funds and other 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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