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.
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.
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.
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.
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