SAP (NYSE:SAP) Cut to Equal Weight at Morgan Stanley

SAP (NYSE:SAP) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, January 11th, MarketBeat.com reports.

Other research analysts have also recently issued reports about the stock. Oppenheimer reiterated a “buy” rating and issued a $120.00 target price on shares of SAP in a research note on Tuesday, November 14th. Argus boosted their target price on shares of SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Monday, October 23rd. DZ Bank reiterated a “buy” rating on shares of SAP in a research note on Thursday, October 19th. Finally, Desjardins upgraded shares of SAP to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, December 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $102.55.

SAP (NYSE:SAP) opened at $111.19 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $136,025.72, a PE ratio of 32.80, a price-to-earnings-growth ratio of 2.94 and a beta of 1.14. SAP has a 52 week low of $88.80 and a 52 week high of $116.90.

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

Hedge funds have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC purchased a new stake in shares of SAP during the 3rd quarter valued at approximately $100,000. Bank of Nova Scotia Trust Co. purchased a new stake in SAP in the 3rd quarter worth approximately $123,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in SAP in the 3rd quarter worth approximately $203,000. Boston Advisors LLC purchased a new stake in SAP in the 3rd quarter worth approximately $209,000. Finally, Glovista Investments LLC purchased a new stake in SAP in the 3rd quarter worth approximately $216,000. Institutional investors own 3.67% of the company’s stock.

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SAP Company Profile

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).

Analyst Recommendations for SAP (NYSE:SAP)

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