SAP (SAP) Stock Rating Reaffirmed by DZ Bank

SAP (NYSE:SAP)‘s stock had its “buy” rating reissued by research analysts at DZ Bank in a research note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of SAP from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of SAP in a report on Monday, September 17th. ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. UBS Group upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Finally, Barclays dropped their price target on shares of SAP from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Friday, October 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.89.

Shares of SAP stock opened at $100.99 on Friday. SAP has a 12 month low of $98.83 and a 12 month high of $127.16. The firm has a market cap of $124.71 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.23 and a beta of 1.29. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.25.

SAP (NYSE:SAP) last announced its earnings results on Thursday, October 18th. The software maker reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. SAP had a net margin of 17.57% and a return on equity of 17.64%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.99 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that SAP will post 4.29 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in SAP. Principal Financial Group Inc. boosted its stake in SAP by 7,785.3% in the 1st quarter. Principal Financial Group Inc. now owns 354,838 shares of the software maker’s stock worth $37,315,000 after purchasing an additional 350,338 shares in the last quarter. Allianz Asset Management GmbH raised its position in SAP by 1,494.4% in the 1st quarter. Allianz Asset Management GmbH now owns 35,874 shares of the software maker’s stock worth $3,773,000 after buying an additional 33,624 shares during the last quarter. Bank of Montreal Can raised its position in SAP by 3.6% in the 2nd quarter. Bank of Montreal Can now owns 84,587 shares of the software maker’s stock worth $9,784,000 after buying an additional 2,924 shares during the last quarter. Creative Planning raised its position in SAP by 14.4% in the 2nd quarter. Creative Planning now owns 11,348 shares of the software maker’s stock worth $1,313,000 after buying an additional 1,426 shares during the last quarter. Finally, Advisor Partners LLC raised its position in SAP by 21.6% in the 2nd quarter. Advisor Partners LLC now owns 8,695 shares of the software maker’s stock worth $1,006,000 after buying an additional 1,543 shares during the last quarter. Institutional investors own 4.46% of the company’s stock.

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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