SAP’s (SAP) Outperform Rating Reiterated at Sanford C. Bernstein

SAP (NYSE:SAP)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Monday, The Fly reports. They presently have a $122.00 price objective on the software maker’s stock, down from their previous price objective of $133.00. Sanford C. Bernstein’s target price indicates a potential upside of 18.41% from the stock’s current price.

A number of other equities research analysts have also commented on SAP. Royal Bank of Canada reiterated a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Morgan Stanley reiterated a “buy” rating on shares of SAP in a research report on Monday, October 16th. DZ Bank reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 19th. BMO Capital Markets started coverage on SAP in a research report on Friday, October 20th. They issued a “market perform” rating and a $115.00 price target on the stock. They noted that the move was a valuation call. Finally, 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 report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.25.

Shares of SAP (NYSE:SAP) opened at $103.03 on Monday. SAP has a 52-week low of $91.39 and a 52-week high of $116.90. The company has a market capitalization of $125,345.71, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.17 and a quick ratio of 1.18.

Large investors have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC acquired a new position in SAP during the 3rd quarter worth approximately $100,000. Bank of Nova Scotia Trust Co. acquired a new position in SAP during the 3rd quarter worth approximately $123,000. South Texas Money Management Ltd. acquired a new position in SAP during the 4th quarter worth approximately $200,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in SAP during the 3rd quarter worth approximately $203,000. Finally, Boston Advisors LLC acquired a new position in SAP during the 3rd quarter worth approximately $209,000. 3.65% of the stock is currently owned by institutional investors.

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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).

The Fly

Analyst Recommendations for SAP (NYSE:SAP)

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