SAP (SAP) Upgraded by Desjardins to “Buy”
Other equities research analysts also recently issued reports about the stock. Oppenheimer reissued a buy rating and issued a $120.00 price objective on shares of SAP in a research report on Tuesday, November 14th. Argus increased their price objective on shares of SAP from $118.00 to $130.00 and gave the company a buy rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of SAP from a hold rating to a buy rating and set a $127.00 price objective on the stock in a research report on Monday, October 23rd. DZ Bank reaffirmed a buy rating on shares of SAP in a research report on Thursday, October 19th. Finally, Morgan Stanley reaffirmed a buy rating on shares of SAP in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. SAP presently has a consensus rating of Buy and a consensus price target of $101.92.
Shares of SAP (SAP) traded down $0.70 during trading hours on Thursday, hitting $112.40. 487,900 shares of the company’s stock were exchanged, compared to its average volume of 687,874. SAP has a 52 week low of $85.49 and a 52 week high of $116.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $138,999.89, a P/E ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.13.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC acquired a new stake in SAP during the 3rd quarter worth $100,000. Bank of Nova Scotia Trust Co. acquired a new stake in SAP during the 3rd quarter worth $123,000. Fiduciary Trust Co. acquired a new stake in SAP during the 2nd quarter worth $157,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in SAP during the 3rd quarter worth $203,000. Finally, Boston Advisors LLC acquired a new stake in SAP during the 3rd quarter worth $209,000. 3.66% 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).
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