SAP (NYSE:SAP) Rating Reiterated by Oppenheimer

Oppenheimer restated their buy rating on shares of SAP (NYSE:SAP) in a research note released on Tuesday, November 14th. Oppenheimer currently has a $120.00 price target on the software maker’s stock.

SAP has been the topic of several other research reports. Royal Bank Of Canada reissued a neutral rating on shares of SAP in a research note on Monday, October 16th. Morgan Stanley reissued a buy rating on shares of SAP in a research note on Monday, October 16th. BMO Capital Markets reissued a hold rating and set a $110.00 target price on shares of SAP in a research note on Friday, October 13th. DZ Bank reissued a buy rating on shares of SAP in a research note on Thursday, October 19th. Finally, Berenberg Bank assumed coverage on shares of SAP in a research note on Wednesday, August 23rd. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $106.91.

SAP (NYSE SAP) traded down $1.57 during mid-day trading on Tuesday, hitting $111.78. 660,770 shares of the company were exchanged, compared to its average volume of 510,372. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18. SAP has a 1-year low of $81.30 and a 1-year high of $116.90. The firm has a market cap of $137,377.63, a PE ratio of 31.14, a PEG ratio of 3.23 and a beta of 1.14.

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

Several hedge funds have recently bought and sold shares of SAP. Signature Estate & Investment Advisors LLC acquired a new stake in shares of SAP during the third quarter worth approximately $100,000. Parallel Advisors LLC boosted its holdings in shares of SAP by 32.4% during the second quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares during the period. Bank of Nova Scotia Trust Co. bought a new position in SAP during the third quarter valued at approximately $123,000. Shine Investment Advisory Services Inc. bought a new position in SAP during the second quarter valued at approximately $132,000. Finally, IFP Advisors Inc raised its position in SAP by 29.4% during the second quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock valued at $152,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 24.99% 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).

Analyst Recommendations for SAP (NYSE:SAP)

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