SAP (NYSE:SAP) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of SAP (NYSE:SAPGet Rating) from a hold rating to a buy rating in a report released on Tuesday.

A number of other analysts have also recently commented on the stock. Citigroup upped their price objective on shares of SAP from €95.00 ($96.94) to €100.00 ($102.04) and gave the company a neutral rating in a research report on Wednesday, October 26th. Morgan Stanley lowered their price objective on shares of SAP from €122.00 ($124.49) to €115.00 ($117.35) and set an overweight rating for the company in a research report on Friday, October 14th. Cowen lowered their price objective on shares of SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Barclays raised shares of SAP from an equal weight rating to an overweight rating and upped their target price for the stock from $106.00 to $136.00 in a research note on Monday. Finally, Cowen reduced their target price on shares of SAP from $107.00 to $106.00 in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, SAP currently has an average rating of Hold and a consensus price target of $110.07.

SAP Price Performance

SAP opened at $109.85 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. SAP has a 12 month low of $78.22 and a 12 month high of $141.68. The company has a fifty day simple moving average of $92.28 and a 200 day simple moving average of $92.52. The stock has a market cap of $129.58 billion, a P/E ratio of 36.62, a P/E/G ratio of 6.98 and a beta of 1.10.

Hedge Funds Weigh In On SAP

Large investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC raised its holdings in shares of SAP by 20.4% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 2,716 shares of the software maker’s stock valued at $301,000 after purchasing an additional 460 shares during the period. Janney Capital Management LLC raised its holdings in shares of SAP by 7.7% in the 1st quarter. Janney Capital Management LLC now owns 2,734 shares of the software maker’s stock valued at $303,000 after purchasing an additional 196 shares during the period. Prospera Financial Services Inc raised its holdings in shares of SAP by 9.3% in the 1st quarter. Prospera Financial Services Inc now owns 6,828 shares of the software maker’s stock valued at $758,000 after purchasing an additional 581 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of SAP by 16.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 58,278 shares of the software maker’s stock valued at $6,433,000 after purchasing an additional 8,090 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of SAP by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 141,959 shares of the software maker’s stock valued at $15,749,000 after purchasing an additional 3,162 shares during the period. 5.20% of the stock is currently owned by institutional investors and hedge funds.

About SAP

(Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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Analyst Recommendations for SAP (NYSE:SAP)

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