SAP’s (SAP) Neutral Rating Reiterated at Royal Bank of Canada

SAP (NYSE:SAP)‘s stock had its “neutral” rating reiterated by investment analysts at Royal Bank of Canada in a report released on Tuesday.

Several other equities research analysts have also recently issued reports on SAP. Desjardins upgraded SAP to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, December 28th. Citigroup reiterated a “buy” rating on shares of SAP in a report on Wednesday, January 10th. Morgan Stanley cut SAP from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 11th. Cowen cut SAP from an “outperform” rating to a “market weight” rating in a report on Friday, January 12th. Finally, DZ Bank reiterated a “buy” rating on shares of SAP in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $107.60.

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SAP stock opened at $105.98 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.17. SAP has a 12-month low of $99.20 and a 12-month high of $116.90. The stock has a market capitalization of $130,221.43, a P/E ratio of 24.70, a PEG ratio of 2.90 and a beta of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 30th. The software maker reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.33. SAP had a return on equity of 17.33% and a net margin of 17.38%. The company had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.99 billion. analysts expect that SAP will post 4.33 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of SAP during the 4th quarter worth approximately $114,000. Icon Wealth Partners LLC purchased a new stake in shares of SAP during the 4th quarter valued at approximately $149,000. Credit Agricole S A purchased a new stake in shares of SAP during the 4th quarter valued at approximately $177,000. Avestar Capital LLC purchased a new stake in shares of SAP during the 4th quarter valued at approximately $196,000. Finally, South Texas Money Management Ltd. purchased a new stake in shares of SAP during the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 10.28% of the company’s stock.

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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 that enables 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.

Analyst Recommendations for SAP (NYSE:SAP)

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