SAP’s (SAP) “Neutral” Rating Reaffirmed at Independent Research

SAP (NYSE:SAP)‘s stock had its “neutral” rating restated by research analysts at Independent Research in a research note issued to investors on Friday, Stock Target Advisor reports. They presently have a $123.00 price objective on the software maker’s stock. Independent Research’s price objective suggests a potential downside of 9.85% from the company’s current price.

Several other analysts also recently weighed in on SAP. Barclays reaffirmed a “buy” rating and set a $125.00 target price on shares of SAP in a research note on Tuesday, October 22nd. Baader Bank reissued a “neutral” rating and issued a $125.00 price objective on shares of SAP in a research note on Monday, October 28th. Credit Suisse Group reissued a “buy” rating and issued a $132.00 price objective on shares of SAP in a research note on Monday, October 21st. Oddo Bhf reissued a “neutral” rating and issued a $110.00 price objective on shares of SAP in a research note on Wednesday, October 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a $130.00 price objective on shares of SAP in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $116.00.

Shares of SAP opened at $136.44 on Friday. The firm has a market cap of $159.42 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.81 and a beta of 1.12. The stock has a 50 day moving average of $125.15 and a 200-day moving average of $125.81. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. SAP has a 52 week low of $94.81 and a 52 week high of $140.62.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.11 by $0.19. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.78 billion. SAP had a return on equity of 16.12% and a net margin of 12.62%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. On average, sell-side analysts predict that SAP will post 4.46 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Next Capital Management LLC acquired a new stake in shares of SAP in the second quarter worth about $26,000. Horan Capital Advisors LLC. acquired a new position in shares of SAP during the 3rd quarter worth about $28,000. AdvisorNet Financial Inc lifted its position in shares of SAP by 241.9% during the 2nd 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 last quarter. Coastal Investment Advisors Inc. lifted its position in shares of SAP by 44.2% during the 2nd 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 last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of SAP during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 5.02% of the company’s stock.

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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