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.
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.
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