SAP (SAP) Stock Rating Reaffirmed by DZ Bank

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DZ Bank reissued their buy rating on shares of SAP (NYSE:SAP) in a report released on Thursday.

A number of other equities analysts have also recently weighed in on SAP. Royal Bank of Canada reissued a neutral rating on shares of SAP in a report on Thursday. Zacks Investment Research cut SAP from a buy rating to a hold rating in a research note on Tuesday, June 26th. ValuEngine raised SAP from a hold rating to a buy rating in a research note on Tuesday, July 10th. Oppenheimer lifted their price target on SAP from $125.00 to $130.00 and gave the stock an outperform rating in a research note on Wednesday, July 18th. Finally, Deutsche Bank reaffirmed a buy rating on shares of SAP in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $114.60.

Shares of NYSE SAP traded up $2.13 during trading hours on Thursday, reaching $109.14. 69,027 shares of the stock traded hands, compared to its average volume of 1,142,586. The stock has a market cap of $142.25 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.60 and a beta of 1.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. SAP has a 52-week low of $99.20 and a 52-week high of $127.16.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, October 18th. The software maker reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.99 billion. SAP had a return on equity of 18.07% and a net margin of 17.92%. SAP’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.01 EPS. On average, analysts forecast that SAP will post 4.39 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Signature Estate & Investment Advisors LLC purchased a new position in SAP in the 2nd quarter worth approximately $102,000. First Hawaiian Bank purchased a new position in SAP in the 3rd quarter worth approximately $134,000. Vigilant Capital Management LLC purchased a new position in SAP in the 2nd quarter worth approximately $149,000. Summit Trail Advisors LLC increased its stake in shares of SAP by 11,404.8% during the first quarter. Summit Trail Advisors LLC now owns 190,750 shares of the software maker’s stock valued at $191,000 after buying an additional 189,092 shares during the period. Finally, BSW Wealth Partners purchased a new position in shares of SAP during the second quarter valued at approximately $200,000. 4.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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