SAP (SAP) Rating Reiterated by Royal Bank of Canada

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SAP (NYSE:SAP)‘s stock had its “neutral” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday.

A number of other research firms have also issued reports on SAP. DZ Bank reissued a “buy” rating on shares of SAP in a research report on Thursday, September 27th. JPMorgan Chase & Co. reissued a “buy” rating on shares of SAP in a research report on Monday, September 17th. Zacks Investment Research raised shares of SAP from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Barclays reduced their price target on shares of SAP from $134.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, July 20th. Finally, Deutsche Bank reissued a “buy” rating on shares of SAP in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. SAP currently has a consensus rating of “Buy” and a consensus price target of $113.70.

Shares of SAP stock opened at $115.79 on Thursday. The company has a market capitalization of $151.11 billion, a P/E ratio of 26.99, a P/E/G ratio of 3.82 and a beta of 1.23. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25. SAP has a 52 week low of $99.20 and a 52 week high of $127.16.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, July 19th. The software maker reported $0.98 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.90 billion. SAP had a net margin of 17.92% and a return on equity of 18.07%. SAP’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Analysts expect that SAP will post 4.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of SAP. Dimensional Fund Advisors LP grew its stake in shares of SAP by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 118,074 shares of the software maker’s stock worth $12,417,000 after purchasing an additional 2,293 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of SAP by 5.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 9,578 shares of the software maker’s stock worth $1,007,000 after purchasing an additional 481 shares during the period. Allianz Asset Management GmbH grew its stake in shares of SAP by 1,494.4% during the 1st quarter. Allianz Asset Management GmbH now owns 35,874 shares of the software maker’s stock worth $3,773,000 after purchasing an additional 33,624 shares during the period. LPL Financial LLC grew its stake in shares of SAP by 43.0% during the 1st quarter. LPL Financial LLC now owns 15,544 shares of the software maker’s stock worth $1,635,000 after purchasing an additional 4,672 shares during the period. Finally, Private Capital Group LLC grew its stake in shares of SAP by 253.3% during the 1st quarter. Private Capital Group LLC now owns 2,406 shares of the software maker’s stock worth $253,000 after purchasing an additional 1,725 shares during the period. 4.52% of the stock is currently owned by institutional investors and hedge funds.

SAP Company Profile

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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Analyst Recommendations for SAP (NYSE:SAP)

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