SAP (SAP) Given “Outperform” Rating at Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their outperform rating on shares of SAP (NYSE:SAP) in a research note issued to investors on Monday, The Fly reports. They currently have a $122.00 price objective on the software maker’s stock, down from their prior price objective of $133.00.

Several other research analysts also recently commented on SAP. BMO Capital Markets reissued a hold rating and issued a $116.00 target price on shares of SAP in a report on Wednesday, January 31st. Royal Bank of Canada reissued a neutral rating on shares of SAP in a report on Monday, October 16th. Cleveland Research downgraded SAP from a buy rating to a neutral rating in a report on Thursday, January 25th. Morgan Stanley reaffirmed a buy rating on shares of SAP in a report on Monday, October 16th. Finally, DZ Bank reaffirmed a buy rating on shares of SAP in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $104.67.

SAP (NYSE SAP) opened at $102.75 on Monday. The company has a market capitalization of $125,345.71, a P/E ratio of 26.62, a PEG ratio of 2.79 and a beta of 1.11. The company has a quick ratio of 1.18, a current ratio of 1.17 and a debt-to-equity ratio of 0.20. SAP has a 1-year low of $91.39 and a 1-year high of $116.90.

Large investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC acquired a new position in SAP during the 3rd quarter worth $100,000. Bank of Nova Scotia Trust Co. acquired a new position in SAP during the 3rd quarter worth $123,000. South Texas Money Management Ltd. acquired a new position in SAP during the 4th quarter worth $200,000. Commerce Bank acquired a new position in shares of SAP in the 4th quarter valued at $200,000. Finally, Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of SAP in the 3rd quarter valued at $203,000. 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).

The Fly

Analyst Recommendations for SAP (NYSE:SAP)

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