SAP’s (SAP) “Buy” Rating Reaffirmed at DZ Bank

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DZ Bank restated their buy rating on shares of SAP (NYSE:SAP) in a research report sent to investors on Thursday morning, Borsen Zeitung reports.

A number of other equities analysts have also recently weighed in on SAP. BMO Capital Markets restated a market perform rating and issued a $135.00 price target (up previously from $115.00) on shares of SAP in a report on Thursday, April 25th. Royal Bank of Canada restated an average rating and issued a $52.00 price target on shares of SAP in a report on Tuesday, April 23rd. UBS Group cut SAP from a buy rating to a neutral rating and set a $112.00 price target for the company. in a report on Tuesday, April 9th. JMP Securities upped their price target on SAP from $131.00 to $150.00 and gave the stock a market outperform rating in a report on Thursday, April 25th. Finally, Argus restated a buy rating on shares of SAP in a report on Wednesday. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. SAP has an average rating of Buy and a consensus price target of $115.90.

SAP traded up $1.42 on Thursday, reaching $127.40. 441,082 shares of the company’s stock were exchanged, compared to its average volume of 793,480. The company has a market cap of $158.31 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.79 and a beta of 1.06. SAP has a twelve month low of $94.81 and a twelve month high of $130.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.59 and a current ratio of 1.59.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.94 billion. SAP had a net margin of 12.81% and a return on equity of 15.70%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, sell-side analysts predict that SAP will post 4.56 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.6961 per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, May 16th. SAP’s dividend payout ratio (DPR) is currently 26.27%.

Institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. purchased a new position in shares of SAP during the 1st quarter valued at approximately $26,000. Horan Capital Advisors LLC. purchased a new position in shares of SAP during the 1st quarter valued at approximately $27,000. Camarda Financial Advisors LLC purchased a new position in shares of SAP during the 1st quarter valued at approximately $28,000. Motco purchased a new position in shares of SAP during the 1st quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of SAP during the 1st quarter valued at approximately $42,000. Institutional investors own 4.60% of the company’s stock.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Analyst Recommendations for SAP (NYSE:SAP)

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