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.
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.
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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