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.
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.
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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