SAP (NYSE:SAP – Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.
Other analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating on shares of SAP in a research note on Friday, August 21st. Argus set a $265.00 price target on shares of SAP in a report on Thursday, September 10th. Barclays lifted their price target on shares of SAP from $243.00 to $288.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research report on Friday, July 24th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.83.
Get Our Latest Research Report on SAP
SAP Price Performance
SAP stock opened at $233.57 on Monday. SAP has a 12-month low of $144.97 and a 12-month high of $255.90. The stock has a market cap of $286.94 billion, a P/E ratio of 28.52, a PEG ratio of 2.82 and a beta of 1.11. The company has a 50-day moving average price of $219.81 and a 200 day moving average price of $192.43. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.18.
Institutional Investors Weigh In On SAP
Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in SAP by 59.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,091 shares of the software maker’s stock valued at $3,097,000 after acquiring an additional 6,763 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in SAP by 28.8% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 221,642 shares of the software maker’s stock valued at $46,208,000 after acquiring an additional 49,502 shares in the last quarter. ABC Arbitrage SA acquired a new position in SAP in the 1st quarter valued at about $2,306,000. QRG Capital Management Inc. grew its position in SAP by 12.0% in the 2nd quarter. QRG Capital Management Inc. now owns 68,368 shares of the software maker’s stock valued at $10,536,000 after acquiring an additional 7,315 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its stake in SAP by 1,532.8% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after purchasing an additional 703,982 shares during the period.
About SAP
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