CIBC reissued their hold rating on shares of SAP (NYSE:SAP) in a research note published on Friday morning. CIBC currently has a $44.00 price objective on the software maker’s stock.

Several other brokerages also recently weighed in on SAP. Royal Bank of Canada restated a neutral rating on shares of SAP in a report on Thursday, October 18th. Barclays reduced their price objective on SAP from $142.00 to $137.00 and set an overweight rating for the company in a report on Friday, October 19th. UBS Group upgraded SAP from a neutral rating to a buy rating in a report on Monday, October 22nd. DZ Bank reiterated a buy rating on shares of SAP in a report on Thursday, October 18th. Finally, ValuEngine downgraded SAP from a buy rating to a hold rating in a report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $110.63.

Shares of SAP stock opened at $104.03 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The firm has a market cap of $127.80 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.20 and a beta of 1.01. SAP 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 for the quarter, missing the consensus estimate of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The company had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. SAP’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that SAP will post 5.02 EPS for the current year.

Large investors have recently made changes to their positions in the business. ETRADE Capital Management LLC increased its stake in SAP by 13.1% in the 4th quarter. ETRADE Capital Management LLC now owns 58,673 shares of the software maker’s stock worth $5,841,000 after acquiring an additional 6,774 shares during the last quarter. Hansberger Growth Investors LP bought a new stake in SAP in the 4th quarter worth approximately $3,472,000. New York State Common Retirement Fund increased its stake in SAP by 1.5% in the 4th quarter. New York State Common Retirement Fund now owns 190,012 shares of the software maker’s stock worth $18,916,000 after acquiring an additional 2,849 shares during the last quarter. Northwest Bancshares Inc. bought a new stake in SAP in the 4th quarter worth approximately $1,528,000. Finally, Toronto Dominion Bank increased its stake in SAP by 35.9% in the 4th quarter. Toronto Dominion Bank now owns 6,640 shares of the software maker’s stock worth $662,000 after acquiring an additional 1,754 shares during the last quarter. 4.47% of the stock is currently owned by institutional investors and hedge funds.

About SAP

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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Analyst Recommendations for SAP (NYSE:SAP)

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