SAP (NYSE:SAP) Cut to Neutral at Exane BNP Paribas

SAP (NYSE:SAP) was downgraded by equities research analysts at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued on Monday, The Fly reports. They currently have a $130.00 price target on the software maker’s stock. Exane BNP Paribas’ target price would indicate a potential upside of 13.88% from the company’s current price.

A number of other brokerages also recently issued reports on SAP. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Monday. JMP Securities increased their price target on shares of SAP from $150.00 to $165.00 in a research report on Thursday, July 9th. Credit Suisse Group reissued an “outperform” rating on shares of SAP in a research note on Tuesday, July 28th. Goldman Sachs Group restated a “buy” rating on shares of SAP in a research note on Tuesday, July 7th. Finally, Argus raised their target price on SAP from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $148.67.

SAP stock traded down $35.52 during mid-day trading on Monday, reaching $114.16. 213,885 shares of the company were exchanged, compared to its average volume of 778,038. The firm has a market cap of $178.66 billion, a PE ratio of 26.93, a PEG ratio of 3.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.05 and a quick ratio of 1.05. The company has a fifty day simple moving average of $156.47 and a 200-day simple moving average of $143.08. SAP has a 12 month low of $90.89 and a 12 month high of $169.30.

SAP (NYSE:SAP) last released its earnings results on Monday, July 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the prior year, the firm posted $1.09 EPS. SAP’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts anticipate that SAP will post 4.98 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. JJJ Advisors Inc. grew its holdings in shares of SAP by 340.5% during the third quarter. JJJ Advisors Inc. now owns 185 shares of the software maker’s stock worth $29,000 after purchasing an additional 143 shares during the last quarter. Ninety One UK Ltd bought a new stake in SAP during the 2nd quarter worth approximately $28,000. Keebeck Wealth Management LLC bought a new stake in SAP during the 2nd quarter worth approximately $34,000. Valeo Financial Advisors LLC increased its position in SAP by 132.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 272 shares of the software maker’s stock valued at $38,000 after acquiring an additional 155 shares during the period. Finally, Beese Fulmer Investment Management Inc. bought a new position in shares of SAP during the second quarter valued at $42,000. Hedge funds and other institutional investors own 4.67% 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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