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.
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.
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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