Independent Research Reiterates “Neutral” Rating for SAP (NYSE:SAP)

SAP (NYSE:SAP)‘s stock had its “neutral” rating restated by analysts at Independent Research in a report released on Friday, Stock Target Advisor reports. They currently have a $123.00 target price on the software maker’s stock. Independent Research’s target price would suggest a potential downside of 9.85% from the stock’s previous close.

A number of other research analysts have also recently commented on SAP. Goldman Sachs Group restated a “buy” rating and issued a $150.00 price target on shares of SAP in a report on Thursday, October 24th. JPMorgan Chase & Co. restated a “buy” rating and issued a $135.00 price target on shares of SAP in a report on Tuesday, November 5th. DZ Bank restated a “buy” rating on shares of SAP in a report on Friday, October 11th. Deutsche Bank cut shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Oddo Bhf reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of SAP in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $116.00.

Shares of NYSE SAP traded up $1.36 during mid-day trading on Friday, reaching $136.44. The company had a trading volume of 325,120 shares, compared to its average volume of 792,278. The business’s 50-day moving average is $125.15 and its 200-day moving average is $125.81. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. The stock has a market cap of $159.42 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.81 and a beta of 1.12. SAP has a 52 week low of $94.81 and a 52 week high of $140.62.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.19. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, equities research analysts forecast that SAP will post 4.46 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the stock. Next Capital Management LLC purchased a new stake in shares of SAP during the second quarter valued at about $26,000. Horan Capital Advisors LLC. purchased a new stake in shares of SAP during the third quarter valued at about $28,000. AdvisorNet Financial Inc lifted its position in shares of SAP by 241.9% during the second quarter. AdvisorNet Financial Inc now owns 294 shares of the software maker’s stock valued at $40,000 after buying an additional 208 shares during the last quarter. Coastal Investment Advisors Inc. lifted its position in shares of SAP by 44.2% during the second quarter. Coastal Investment Advisors Inc. now owns 300 shares of the software maker’s stock valued at $42,000 after buying an additional 92 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in shares of SAP during the third quarter valued at about $35,000. 5.02% of the stock is owned by 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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