SAP (SAP) Earns “Outperform” Rating from Sanford C. Bernstein
SAP (NYSE:SAP)‘s stock had its “outperform” rating reissued by investment analysts at Sanford C. Bernstein in a research note issued to investors on Monday, The Fly reports. They presently have a $122.00 price objective on the software maker’s stock, down from their previous price objective of $133.00. Sanford C. Bernstein’s target price points to a potential upside of 18.68% from the company’s current price.
Other research analysts also recently issued reports about the company. Oppenheimer reiterated a “buy” rating and set a $120.00 price objective on shares of SAP in a research note on Tuesday, November 14th. Argus boosted their price objective on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded SAP from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Monday, October 23rd. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 19th. Finally, Morgan Stanley reiterated a “buy” rating on shares of SAP in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. SAP currently has a consensus rating of “Buy” and an average target price of $104.67.
Shares of SAP (NYSE:SAP) opened at $102.80 on Monday. The stock has a market capitalization of $125,810.00, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. SAP has a 52 week low of $91.39 and a 52 week high of $116.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17.
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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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