SAP (NYSE:SAP) had its price objective lowered by analysts at Royal Bank of Canada from $49.00 to $47.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 65.55% from the stock’s previous close.

A number of other brokerages also recently issued reports on SAP. National Bank Financial lifted their price target on shares of SAP from $43.00 to $45.00 and gave the company a “sector perform” rating in a report on Friday. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $135.00 price target on shares of SAP in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price target on shares of SAP in a report on Tuesday. Goldman Sachs Group reiterated a “buy” rating and issued a $150.00 price target on shares of SAP in a report on Thursday, October 24th. Finally, DZ Bank reiterated a “buy” rating on shares of SAP in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $116.00.

Shares of SAP stock opened at $136.44 on Friday. The company has a market capitalization of $159.42 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.81 and a beta of 1.12. SAP has a one year low of $94.81 and a one year high of $140.62. The company’s fifty day moving average price is $125.15 and its 200-day moving average price is $125.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.01.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. Equities research analysts expect that SAP will post 4.46 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Next Capital Management LLC purchased a new position in shares of SAP in the 2nd quarter worth $26,000. Horan Capital Advisors LLC. purchased a new position in shares of SAP in the 3rd quarter worth $28,000. North Star Investment Management Corp. purchased a new position in shares of SAP in the 3rd quarter worth $35,000. Sonora Investment Management LLC grew its stake in shares of SAP by 38.5% in the 3rd quarter. Sonora Investment Management LLC now owns 313 shares of the software maker’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Finally, CWM LLC grew its stake in shares of SAP by 46.4% in the 3rd quarter. CWM LLC now owns 328 shares of the software maker’s stock worth $39,000 after buying an additional 104 shares in the last quarter. 5.02% of the stock is 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. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. 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; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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