SAP (NYSE:SAP) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada reiterated their neutral rating on shares of SAP (NYSE:SAP) in a research report released on Wednesday morning, Borsen Zeitung reports.

SAP has been the topic of several other reports. Morgan Stanley reaffirmed an overweight rating on shares of SAP in a research note on Monday, July 20th. Barclays upped their price target on SAP from $130.00 to $180.00 and gave the stock an overweight rating in a research note on Monday, July 20th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of SAP in a research note on Tuesday, July 28th. TheStreet raised SAP from a c+ rating to a b- rating in a report on Friday, May 1st. Finally, UBS Group reissued a buy rating on shares of SAP in a report on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. SAP currently has a consensus rating of Buy and a consensus price target of $152.40.

Shares of SAP stock opened at $159.22 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.99 and a current ratio of 1.05. SAP has a fifty-two week low of $90.89 and a fifty-two week high of $165.43. The stock has a 50 day moving average price of $146.52 and a two-hundred day moving average price of $128.81. The company has a market capitalization of $191.18 billion, a P/E ratio of 37.64, a PEG ratio of 3.92 and a beta of 0.96.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.03. SAP had a return on equity of 16.31% and a net margin of 16.30%. The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that SAP will post 5.1 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. WASHINGTON TRUST Co purchased a new stake in shares of SAP during the first quarter worth about $25,000. Valeo Financial Advisors LLC grew its position in shares of SAP by 132.5% during the second quarter. Valeo Financial Advisors LLC now owns 272 shares of the software maker’s stock worth $38,000 after purchasing an additional 155 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new stake in shares of SAP during the second quarter worth about $42,000. Patriot Financial Group Insurance Agency LLC grew its holdings in SAP by 758.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 395 shares of the software maker’s stock valued at $44,000 after buying an additional 349 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in SAP during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 4.68% 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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