SAP SE (SAP) Receives $100.00 Consensus PT from Brokerages

Shares of SAP SE (NYSE:SAP) have received a consensus recommendation of “Buy” from the twenty-one analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $100.00.

Several research firms have commented on SAP. Citigroup restated a “buy” rating on shares of SAP in a report on Wednesday, January 10th. Cleveland Research downgraded SAP from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Sanford C. Bernstein restated an “outperform” rating and set a $122.00 price objective (down from $133.00) on shares of SAP in a report on Monday, February 12th. Stifel Nicolaus set a $80.00 price objective on SAP and gave the stock a “sell” rating in a report on Monday, February 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $116.00 target price on shares of SAP in a research report on Wednesday, January 31st.

SAP (NYSE:SAP) traded up $0.89 on Friday, reaching $104.14. The company’s stock had a trading volume of 1,183,141 shares, compared to its average volume of 1,315,209. The stock has a market cap of $128,098.67, a P/E ratio of 26.98, a P/E/G ratio of 2.85 and a beta of 1.12. SAP has a one year low of $92.77 and a one year high of $116.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.17 and a quick ratio of 1.18.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its position in SAP by 3.5% during the 2nd quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock valued at $551,000 after acquiring an additional 179 shares in the last quarter. Investment House LLC boosted its position in shares of SAP by 0.9% in the 3rd quarter. Investment House LLC now owns 52,808 shares of the software maker’s stock worth $5,790,000 after purchasing an additional 450 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of SAP by 2.6% in the 4th quarter. Eqis Capital Management Inc. now owns 18,062 shares of the software maker’s stock worth $2,029,000 after purchasing an additional 456 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of SAP by 7.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 6,855 shares of the software maker’s stock worth $770,000 after purchasing an additional 470 shares in the last quarter. Finally, Davis Selected Advisers boosted its position in shares of SAP by 0.3% in the 3rd quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after purchasing an additional 486 shares in the last quarter. 3.80% of the stock is currently owned by institutional investors and hedge funds.

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About SAP

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).

Analyst Recommendations for SAP (NYSE:SAP)

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