SAP’s (SAP) Buy Rating Reaffirmed at DZ Bank

DZ Bank reaffirmed their buy rating on shares of SAP (NYSE:SAP) in a report released on Thursday morning, Borsen Zeitung reports.

SAP has been the topic of a number of other reports. ValuEngine lowered SAP from a buy rating to a hold rating in a research report on Tuesday, August 6th. Barclays cut their price objective on SAP from $143.00 to $140.00 and set an overweight rating on the stock in a research report on Friday, July 19th. Deutsche Bank lowered SAP from a buy rating to a hold rating in a research report on Friday, July 19th. Zacks Investment Research lowered SAP from a hold rating to a sell rating and set a $134.00 price target on the stock. in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group started coverage on SAP in a research report on Monday, July 22nd. They set a buy rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $125.63.

Shares of SAP stock traded down $1.92 during trading hours on Thursday, reaching $118.96. The company’s stock had a trading volume of 524,832 shares, compared to its average volume of 444,211. The stock has a market capitalization of $148.38 billion, a P/E ratio of 26.26, a P/E/G ratio of 2.68 and a beta of 1.10. SAP has a one year low of $94.81 and a one year high of $140.62. The firm’s fifty day simple moving average is $120.83 and its 200 day simple moving average is $122.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.09. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.71 billion. SAP had a return on equity of 15.39% and a net margin of 11.95%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, equities research analysts forecast that SAP will post 4.28 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. HighPoint Advisor Group LLC raised its stake in SAP by 3.5% during the first quarter. HighPoint Advisor Group LLC now owns 2,712 shares of the software maker’s stock valued at $334,000 after buying an additional 91 shares during the last quarter. One Capital Management LLC raised its stake in SAP by 0.9% during the second quarter. One Capital Management LLC now owns 16,125 shares of the software maker’s stock valued at $2,206,000 after buying an additional 136 shares during the last quarter. Altfest L J & Co. Inc. purchased a new position in SAP during the first quarter valued at $754,000. Cookson Peirce & Co. Inc. purchased a new position in SAP during the second quarter valued at $235,000. Finally, Bessemer Group Inc. raised its stake in SAP by 15.8% during the second quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock valued at $259,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 4.89% of the company’s stock.

SAP Company Profile

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.

Read More: Understanding Options Trading

Analyst Recommendations for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.