SAP (SAP) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of SAP (NYSE:SAP) from an overweight rating to an equal weight rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

Several other research analysts have also weighed in on the company. Citigroup reaffirmed a buy rating on shares of SAP in a research report on Wednesday, January 10th. Desjardins raised SAP to a buy rating and set a $49.00 target price on the stock in a research report on Thursday, December 28th. Zacks Investment Research lowered SAP from a buy rating to a hold rating in a research report on Wednesday, December 20th. Oppenheimer reaffirmed a buy rating and issued a $120.00 target price on shares of SAP in a research report on Tuesday, November 14th. Finally, Argus raised their price objective on SAP from $118.00 to $130.00 and gave the company a buy rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $102.55.

Shares of SAP (SAP) traded up $0.49 on Thursday, hitting $110.13. The company had a trading volume of 1,603,400 shares, compared to its average volume of 854,744. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market cap of $134,100.00, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.92 and a beta of 1.14. SAP has a twelve month low of $88.80 and a twelve month high of $116.90.

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

A number of large investors have recently added to or reduced their stakes in SAP. Signature Estate & Investment Advisors LLC purchased a new position in SAP in the third quarter valued at about $100,000. Bank of Nova Scotia Trust Co. purchased a new position in SAP in the third quarter valued at about $123,000. Dixon Hubard Feinour & Brown Inc. VA purchased a new position in SAP in the third quarter valued at about $203,000. Boston Advisors LLC acquired a new stake in shares of SAP during the third quarter valued at about $209,000. Finally, Glovista Investments LLC acquired a new stake in shares of SAP during the third quarter valued at about $216,000. 3.67% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for SAP (NYSE:SAP)

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