SAP (NYSE:SAP) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of SAP (NYSE:SAP) from a neutral rating to an overweight rating in a research report report published on Monday, Marketbeat Ratings reports.

A number of other brokerages have also recently weighed in on SAP. BMO Capital Markets lifted their price objective on shares of SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Erste Group Bank upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, October 30th. Weiss Ratings cut shares of SAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Morgan Stanley restated an “overweight” rating and issued a $284.00 price target on shares of SAP in a research note on Friday, August 21st. Finally, Barclays upped their price objective on SAP from $243.00 to $288.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.38.

SAP Stock Up 0.2%

Shares of NYSE:SAP opened at $234.12 on Monday. The firm has a market capitalization of $287.62 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. SAP has a 1 year low of $144.97 and a 1 year high of $255.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50-day moving average is $220.83 and its two-hundred day moving average is $192.55.

Institutional Trading of SAP

A number of institutional investors have recently bought and sold shares of SAP. V Square Quantitative Management LLC acquired a new position in SAP in the third quarter valued at approximately $30,000. Continuum Advisory LLC purchased a new position in shares of SAP in the 2nd quarter valued at approximately $31,000. Front Row Advisors LLC increased its stake in SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after buying an additional 145 shares during the period. Signature Equity Partners LLC increased its stake in shares of SAP by 75.6% during the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock worth $33,000 after acquiring an additional 68 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SAP during the 3rd quarter worth approximately $34,000.

Key SAP News

Here’s some of the latest news about SAP:

• Positive Sentiment: SAP and VF Corporation opened S.Fashion, a retail innovation space demonstrating how AI-enabled processes could connect the shopping experience with store operations. The showcase features VF brands including The North Face, Vans and Timberland, reinforcing SAP’s push to market its AI and “Autonomous Enterprise” capabilities. SAP and VFC Open Intelligent Fashion Store
• Positive Sentiment: JPMorgan upgraded SAP to Overweight, a potentially supportive signal for investor sentiment; the available report does not specify the bank’s rationale. SAP Upgraded to Overweight at JPMorgan Chase & Co.
• Negative Sentiment: SAP issued patches for four critical, maximum-severity flaws, including vulnerabilities that could enable remote code execution. The fixes address the exposure, but the severity of the flaws may raise concerns about customer security and potential reputational or remediation costs. SAP Patches Four CVSS 10.0 Flaws

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf. Founded in 1972, it develops software that helps organizations manage business operations and use data across their operations. Its products and services include enterprise resource planning (ERP) software, cloud applications, database and analytics tools, and solutions for areas such as finance, supply chain management, human resources, procurement, and customer experience. SAP serves businesses and public-sector organizations across the globe.