DZ Bank Reaffirms “Buy” Rating for SAP (NYSE:SAP)

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

Several other research firms have also recently weighed in on SAP. JMP Securities decreased their price target on Tesla from $374.00 to $369.00 and set a market outperform rating for the company in a research note on Thursday, April 25th. UBS Group lifted their price objective on Verisk Analytics from $106.00 to $111.00 and gave the stock a sell rating in a report on Tuesday, April 9th. HSBC lowered EFG EUROBANK ER/ADR from a buy rating to a hold rating in a report on Monday, June 17th. Stifel Nicolaus raised Waste Connections from a hold rating to a buy rating and lifted their price objective for the stock from $88.00 to $105.00 in a report on Thursday, April 25th. Finally, Argus lifted their price objective on Thermo Fisher Scientific from $285.00 to $310.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $111.50.

SAP stock opened at $124.63 on Thursday. SAP has a 1-year low of $94.81 and a 1-year high of $140.62. The business has a fifty day simple moving average of $132.51. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $153.11 billion, a PE ratio of 27.51, a P/E/G ratio of 2.72 and a beta of 1.07.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. SAP had a return on equity of 15.18% and a net margin of 11.95%. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Analysts expect that SAP will post 4.56 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. boosted its stake in shares of SAP by 81.5% in the second quarter. FDx Advisors Inc. now owns 28,585 shares of the software maker’s stock worth $3,910,000 after acquiring an additional 12,834 shares during the period. Bessemer Group Inc. boosted its stake in shares of SAP by 15.8% in the second quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock worth $259,000 after acquiring an additional 258 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of SAP by 14.9% in the second quarter. Commonwealth Equity Services LLC now owns 11,321 shares of the software maker’s stock worth $1,548,000 after acquiring an additional 1,466 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of SAP by 11.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 5,552 shares of the software maker’s stock worth $760,000 after acquiring an additional 582 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in shares of SAP by 2,006.1% in the second quarter. NEXT Financial Group Inc now owns 695 shares of the software maker’s stock worth $95,000 after acquiring an additional 662 shares during the period. 4.84% of the stock is owned by institutional investors.

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.

Featured Story: What are the benefits of momentum investing?

Analyst Recommendations for SAP (NYSE:SAP)

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.