SAP (NYSE:SAP) Stock Rating Upgraded by JPMorgan Chase & Co.

SAP (NYSE:SAP) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat.com reports.

Several other research firms have also commented on SAP. Erste Group Bank upgraded SAP from a “hold” rating to a “buy” rating in a research report on Friday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a report on Thursday, October 22nd. Oppenheimer reiterated a “market perform” rating on shares of SAP in a research note on Friday, July 24th. BMO Capital Markets boosted their target price on shares of SAP from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Finally, Argus set a $265.00 price target on shares of SAP in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $258.83.

SAP Stock Up 0.1%

SAP stock opened at $233.57 on Monday. The firm has a market cap of $286.94 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11. SAP has a 52 week low of $144.97 and a 52 week high of $255.90. The business’s 50-day moving average price is $219.81 and its 200 day moving average price is $192.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.18.

Institutional Trading of SAP

Several institutional investors have recently modified their holdings of SAP. V Square Quantitative Management LLC purchased a new stake in shares of SAP in the third quarter valued at approximately $30,000. Signature Equity Partners LLC increased its holdings in shares of SAP by 75.6% in the third quarter. Signature Equity Partners LLC now owns 158 shares of the software maker’s stock valued at $33,000 after purchasing an additional 68 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in SAP during the third quarter worth approximately $34,000. Front Row Advisors LLC boosted its stake in SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after buying an additional 145 shares during the last quarter. Finally, West Financial Advisors LLC acquired a new position in SAP during the third quarter worth $41,000.

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