SAP (NYSE:SAP) Downgraded by Deutsche Bank

Deutsche Bank lowered shares of SAP (NYSE:SAP) from a buy rating to a hold rating in a research note published on Friday morning, BenzingaRatingsTable reports.

SAP has been the subject of several other reports. Stifel Nicolaus upgraded Waste Connections from a hold rating to a buy rating and increased their target price for the company from $88.00 to $105.00 in a report on Thursday, April 25th. Morgan Stanley dropped their target price on Walgreens Boots Alliance from $67.00 to $61.00 and set an equal weight rating for the company in a report on Wednesday, April 3rd. JMP Securities dropped their target price on Tesla from $374.00 to $369.00 and set a market outperform rating for the company in a report on Thursday, April 25th. ValuEngine cut Viewray from a buy rating to a hold rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada increased their target price on Principal Financial Group to $55.00 and gave the company a market perform rating in a report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. SAP presently has a consensus rating of Buy and an average price target of $111.50.

SAP opened at $124.63 on Friday. The business has a 50-day moving average price of $132.51. SAP has a 12-month low of $94.81 and a 12-month high of $140.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap 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 data on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts expect that SAP will post 4.56 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of SAP by 6.8% in the 1st quarter. FMR LLC now owns 3,755,933 shares of the software maker’s stock worth $433,659,000 after buying an additional 240,014 shares during the last quarter. GQG Partners LLC increased its stake in shares of SAP by 12.2% in the 1st quarter. GQG Partners LLC now owns 2,489,791 shares of the software maker’s stock valued at $287,266,000 after purchasing an additional 270,941 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of SAP by 326.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock valued at $203,849,000 after purchasing an additional 1,351,984 shares in the last quarter. Cambiar Investors LLC increased its stake in shares of SAP by 5.6% in the 1st quarter. Cambiar Investors LLC now owns 1,741,156 shares of the software maker’s stock valued at $201,034,000 after purchasing an additional 92,519 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in SAP by 2.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,282,838 shares of the software maker’s stock worth $148,117,000 after buying an additional 36,491 shares in the last quarter. 4.84% of the stock is owned by institutional investors and hedge funds.

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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