SAP (NYSE:SAP) was upgraded by stock analysts at Desjardins to a “buy” rating in a research report issued on Thursday. The firm presently has a $49.00 price objective on the software maker’s stock. Desjardins’ price objective suggests a potential downside of 56.41% from the stock’s current price.
Several other analysts have also recently commented on the company. Zacks Investment Research cut SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Oppenheimer restated a “buy” rating and set a $120.00 target price on shares of SAP in a report on Tuesday, November 14th. Argus increased their target price on SAP from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. BMO Capital Markets assumed coverage on 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. Finally, DZ Bank restated a “buy” rating on shares of SAP in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $101.92.
Shares of SAP (NYSE SAP) traded down $0.70 during mid-day trading on Thursday, hitting $112.40. The stock had a trading volume of 487,900 shares, compared to its average volume of 687,874. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $138,999.89, a PE ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.13. SAP has a 12 month low of $85.49 and a 12 month high of $116.90.
Institutional investors have recently bought and sold shares of the stock. Icon Advisers Inc. Co. bought a new position in SAP in the third quarter valued at about $1,502,000. River Road Asset Management LLC bought a new position in SAP during the third quarter worth about $255,000. Westwood Management Corp IL boosted its holdings in SAP by 2.1% during the third quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock worth $22,752,000 after buying an additional 4,200 shares during the last quarter. FMR LLC boosted its holdings in SAP by 6,475.0% during the second quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after buying an additional 390,380 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in SAP by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock worth $121,363,000 after buying an additional 83,601 shares during the last quarter. Institutional investors and hedge funds 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).
