UBS Group reissued their neutral rating on shares of SAP (NYSE:SAP) in a research note released on Monday, Stock Target Advisor reports. The brokerage currently has a $120.00 price objective on the software maker’s stock.
Several other analysts have also recently commented on SAP. DZ Bank reissued a buy rating on shares of SAP in a research note on Friday, October 11th. Zacks Investment Research cut shares of SAP from a hold rating to a sell rating and set a $134.00 price target on the stock. in a research note on Tuesday, July 23rd. ValuEngine cut shares of SAP from a buy rating to a hold rating in a research note on Tuesday, August 6th. Barclays decreased their price target on shares of SAP from $143.00 to $140.00 and set an overweight rating on the stock in a research note on Friday, July 19th. Finally, Goldman Sachs Group reissued a buy rating and set a $145.00 price target on shares of SAP in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. SAP presently has an average rating of Hold and a consensus target price of $128.79.
Shares of SAP traded up $0.15 during mid-day trading on Monday, hitting $132.86. 18,077 shares of the company traded hands, compared to its average volume of 1,061,826. SAP has a one year low of $94.81 and a one year high of $140.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $120.47 and a 200 day moving average of $124.02. The stock has a market capitalization of $154.13 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.78 and a beta of 1.08.
A number of hedge funds have recently made changes to their positions in the business. Next Capital Management LLC acquired a new stake in SAP in the second quarter worth $26,000. AdvisorNet Financial Inc raised its holdings in SAP by 241.9% in the second quarter. AdvisorNet Financial Inc now owns 294 shares of the software maker’s stock worth $40,000 after purchasing an additional 208 shares during the period. Coastal Investment Advisors Inc. raised its holdings in SAP by 44.2% in the second quarter. Coastal Investment Advisors Inc. now owns 300 shares of the software maker’s stock worth $42,000 after purchasing an additional 92 shares during the period. North Star Investment Management Corp. acquired a new stake in SAP in the third quarter worth $35,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in SAP in the second quarter worth $42,000. 5.03% of the stock is currently owned by hedge funds and other institutional investors.
SAP Company Profile
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.
Recommended Story: Initial Coin Offerings entail a high degree of risk
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.