Shares of SAP SE (NYSE:SAP) have earned an average rating of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $111.13.
Several research firms recently commented on SAP. Zacks Investment Research lowered SAP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Barclays dropped their price target on SAP from $134.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, July 20th. DZ Bank reiterated a “buy” rating on shares of SAP in a research report on Friday, July 20th. Royal Bank of Canada reiterated a “$121.96” rating on shares of SAP in a research report on Wednesday, July 18th. Finally, ValuEngine lowered SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd.
Several large investors have recently made changes to their positions in SAP. Wells Fargo & Company MN boosted its position in shares of SAP by 27.9% during the first quarter. Wells Fargo & Company MN now owns 1,218,224 shares of the software maker’s stock valued at $128,109,000 after buying an additional 265,462 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of SAP during the first quarter valued at approximately $652,000. CIBC Asset Management Inc boosted its position in shares of SAP by 12.8% during the first quarter. CIBC Asset Management Inc now owns 6,565 shares of the software maker’s stock valued at $690,000 after buying an additional 745 shares during the period. Commerce Bank boosted its position in shares of SAP by 433.6% during the first quarter. Commerce Bank now owns 9,520 shares of the software maker’s stock valued at $1,001,000 after buying an additional 7,736 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of SAP during the first quarter valued at approximately $791,000. Institutional investors and hedge funds own 4.68% of the company’s stock.
Shares of SAP stock traded up $1.19 during trading hours on Wednesday, hitting $116.52. The stock had a trading volume of 569,010 shares, compared to its average volume of 682,220. SAP has a one year low of $99.20 and a one year high of $122.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $141.68 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.58 and a beta of 1.22.
SAP (NYSE:SAP) last issued its earnings results on Thursday, July 19th. The software maker reported $0.98 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.90 billion. SAP had a return on equity of 18.07% and a net margin of 17.92%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. research analysts predict that SAP will post 4.39 EPS for the current fiscal year.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.
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