Recent Analysts’ Ratings Changes for SAP (SAP)

SAP (NYSE: SAP) has recently received a number of price target changes and ratings updates:

  • 2/8/2019 – SAP had its “neutral” rating reaffirmed by analysts at Royal Bank of Canada.
  • 2/8/2019 – SAP had its “hold” rating reaffirmed by analysts at CIBC. They now have a $44.00 price target on the stock.
  • 2/4/2019 – SAP was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 2/4/2019 – SAP was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $116.00 price target on the stock. According to Zacks, “SAP reported mixed fourth quarter results. Notably, SAP anticipates upbeat pipeline and momentum in cloud to continue through 2019. The company is benefiting from strong growth in cloud subscriptions & support as well as expanding customer base. SAP's resilient cloud & software business hold promise. Furthermore, SAP recently acquired Qualtrics for $8 billion in cash. The company is anticipated to bolster Customer Experience segment revenues with the buyout. However, integration risks from acquisitions do not bode well for margin expansion. Integration of Callidus, in particular limits margin expansion along with increasing investments to enhance cloud-based offerings. Moreover, currency fluctuations have also hurt its performance.”
  • 1/29/2019 – SAP had its “buy” rating reaffirmed by analysts at DZ Bank AG.
  • 1/4/2019 – SAP was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/18/2018 – SAP was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SAP is one of the largest independent software vendors in the world and the leading provider of enterprise resource planning (ERP) software. The company is benefiting from strong growth in cloud subscriptions & support as well as expanding customer base. SAP's resilient cloud & software business hold promise. Furthermore, SAP recently entered into an agreement to acquire Qualtrics for $8 billion in cash. The company is anticipated to bolster Customer Experience segment revenues with the buyout. However, integration risks from acquisitions do not bode well for margin expansion. Integration of Callidus, in particular limits margin expansion along with increasing investments to enhance cloud-based offerings. Moreover, currency fluctuations have also hurt its performance. Shares of SAP have underperformed the industry in the past year.”
  • 12/18/2018 – SAP was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of SAP traded down $0.21 during trading hours on Monday, reaching $103.82. 7,390 shares of the company traded hands, compared to its average volume of 840,875. The firm has a market capitalization of $127.80 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.20 and a beta of 1.01. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. SAP SE has a 12 month low of $94.81 and a 12 month high of $127.16.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The business had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.22 billion. During the same period last year, the business earned $1.77 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that SAP SE will post 5.02 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. CWM LLC boosted its position in shares of SAP by 262.5% in the fourth quarter. CWM LLC now owns 406 shares of the software maker’s stock worth $40,000 after purchasing an additional 294 shares during the period. Whittier Trust Co. boosted its position in shares of SAP by 97.1% during the fourth quarter. Whittier Trust Co. now owns 404 shares of the software maker’s stock worth $40,000 after acquiring an additional 199 shares during the last quarter. Synovus Financial Corp boosted its position in shares of SAP by 454.7% during the fourth quarter. Synovus Financial Corp now owns 416 shares of the software maker’s stock worth $41,000 after acquiring an additional 341 shares during the last quarter. CNB Bank raised its stake in SAP by 832.6% during the fourth quarter. CNB Bank now owns 429 shares of the software maker’s stock valued at $43,000 after purchasing an additional 383 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new stake in SAP during the fourth quarter valued at $44,000. 4.47% of the stock is owned by institutional investors and hedge funds.

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 for 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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