SAP (NYSE:SAP) Downgraded to Neutral at BNP Paribas

BNP Paribas lowered shares of SAP (NYSE:SAP) from an outperform rating to a neutral rating in a research report report published on Monday morning, Analyst Ratings Network reports. They currently have $130.00 price target on the software maker’s stock, down from their prior price target of $205.00.

Other equities analysts have also issued reports about the company. UBS Group reiterated a buy rating on shares of SAP in a research report on Wednesday, July 8th. Royal Bank of Canada reiterated a neutral rating on shares of SAP in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reiterated an overweight rating on shares of SAP in a research report on Tuesday, July 28th. JMP Securities boosted their price objective on SAP from $150.00 to $165.00 in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group reiterated a buy rating on shares of SAP in a research report on Tuesday, July 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $138.77.

SAP stock opened at $108.63 on Monday. The firm has a market capitalization of $129.66 billion, a P/E ratio of 25.68, a PEG ratio of 3.82 and a beta of 0.98. SAP has a 1 year low of $90.89 and a 1 year high of $169.30. The business has a 50-day moving average of $153.11 and a 200-day moving average of $143.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50.

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, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.69 billion. SAP had a return on equity of 16.31% and a net margin of 16.30%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. Research analysts anticipate that SAP will post 4.98 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its position in SAP by 2.7% during the 2nd quarter. Fisher Asset Management LLC now owns 7,938,340 shares of the software maker’s stock worth $1,111,368,000 after acquiring an additional 209,955 shares during the last quarter. FMR LLC raised its stake in shares of SAP by 8.9% during the 2nd quarter. FMR LLC now owns 5,148,278 shares of the software maker’s stock worth $720,758,000 after purchasing an additional 420,195 shares in the last quarter. Mar Vista Investment Partners LLC raised its stake in shares of SAP by 23.2% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 1,186,192 shares of the software maker’s stock worth $166,067,000 after purchasing an additional 223,416 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of SAP by 0.5% during the 2nd quarter. Principal Financial Group Inc. now owns 750,077 shares of the software maker’s stock worth $105,011,000 after purchasing an additional 3,717 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of SAP by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 593,692 shares of the software maker’s stock worth $83,117,000 after purchasing an additional 6,788 shares in the last quarter. 4.67% of the stock is owned by hedge funds and other institutional investors.

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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