SAP’s (SAP) “Buy” Rating Reiterated at DZ Bank

SAP (NYSE:SAP)‘s stock had its “buy” rating reiterated by equities research analysts at DZ Bank in a research report issued on Friday.

Several other research analysts have also issued reports on SAP. Stifel Nicolaus reissued a “sell” rating and issued a $75.00 price target on shares of SAP in a research report on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of SAP in a research report on Friday, October 13th. Royal Bank of Canada reissued a “neutral” rating on shares of SAP in a research report on Monday, October 16th. Morgan Stanley reissued a “buy” rating on shares of SAP in a research report on Monday, October 16th. Finally, Zacks Investment Research raised shares of SAP from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $102.55.

Shares of SAP (NYSE:SAP) traded up $0.48 on Friday, hitting $111.67. 898,000 shares of the stock were exchanged, compared to its average volume of 874,575. The firm has a market capitalization of $137,070.00, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. SAP has a 1-year low of $88.80 and a 1-year high of $116.90.

SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. SAP had a net margin of 15.80% and a return on equity of 15.43%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.68 billion. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities research analysts predict that SAP will post 4.13 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in shares of SAP during the fourth quarter worth approximately $404,000. Creative Planning increased its holdings in shares of SAP by 9.2% during the fourth quarter. Creative Planning now owns 9,245 shares of the software maker’s stock worth $1,039,000 after buying an additional 781 shares in the last quarter. Atria Investments LLC increased its holdings in shares of SAP by 29.4% during the fourth quarter. Atria Investments LLC now owns 8,439 shares of the software maker’s stock worth $948,000 after buying an additional 1,915 shares in the last quarter. KCS Wealth Advisory acquired a new stake in shares of SAP during the fourth quarter worth approximately $640,000. Finally, Davis Selected Advisers increased its holdings in shares of SAP by 0.3% during the third quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after buying an additional 486 shares in the last quarter. 3.67% of the stock is owned by institutional investors.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

Analyst Recommendations for SAP (NYSE:SAP)

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