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.
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.
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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