SAP (SAP) Rating Reiterated by Citigroup

SAP (NYSE:SAP)‘s stock had its “buy” rating reaffirmed by Citigroup in a research note issued on Wednesday.

Other analysts have also issued research reports about the stock. Oppenheimer reaffirmed a “buy” rating and set a $120.00 price target on shares of SAP in a research report on Tuesday, November 14th. Argus lifted their price target on shares of SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of SAP from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Monday, October 23rd. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, October 19th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $101.92.

Shares of SAP (SAP) opened at $114.16 on Wednesday. The company has a market cap of $141,460.00, a P/E ratio of 30.94, a PEG ratio of 3.13 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. SAP has a 12-month low of $87.76 and a 12-month high of $116.90.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP had a net margin of 15.80% and a return on equity of 15.43%. The business’s revenue was up 4.0% on a year-over-year basis. analysts forecast that SAP will post 4.13 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of SAP. Fiduciary Trust Co. acquired a new stake in SAP in the 2nd quarter valued at approximately $157,000. Private Advisor Group LLC grew its stake in shares of SAP by 4.3% in the second quarter. Private Advisor Group LLC now owns 4,361 shares of the software maker’s stock worth $455,000 after acquiring an additional 179 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of SAP in the second quarter worth $797,000. Eaton Vance Management grew its stake in shares of SAP by 1.1% in the second quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after acquiring an additional 23 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of SAP by 2.4% in the second quarter. Wells Fargo & Company MN now owns 915,517 shares of the software maker’s stock worth $95,827,000 after acquiring an additional 21,097 shares in the last quarter. Hedge funds and other institutional investors own 3.66% of the company’s stock.

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About SAP

SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).

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