SAP (SAP) Given a $80.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a $80.00 target price on SAP (NYSE:SAP) in a research note issued to investors on Monday. The brokerage currently has a sell rating on the software maker’s stock.

Several other equities analysts have also recently commented on SAP. Sanford C. Bernstein reissued an outperform rating and set a $122.00 target price (down previously from $133.00) on shares of SAP in a research note on Monday. Royal Bank of Canada reaffirmed a neutral rating on shares of SAP in a research note on Monday, October 16th. BMO Capital Markets reaffirmed a hold rating and issued a $116.00 price objective on shares of SAP in a research note on Wednesday, January 31st. Cleveland Research cut shares of SAP from a buy rating to a neutral rating in a research note on Thursday, January 25th. Finally, Morgan Stanley reaffirmed a buy rating on shares of SAP in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $104.67.

SAP (SAP) opened at $105.13 on Monday. The company has a market cap of $126,341.20, a PE ratio of 24.77, a price-to-earnings-growth ratio of 2.81 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.17. SAP has a 52 week low of $91.39 and a 52 week high of $116.90.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in shares of SAP by 3.5% in the second quarter. Sterling Capital Management LLC now owns 5,267 shares of the software maker’s stock worth $551,000 after buying an additional 179 shares during the period. Investment House LLC boosted its holdings in shares of SAP by 0.9% in the third quarter. Investment House LLC now owns 52,808 shares of the software maker’s stock worth $5,790,000 after buying an additional 450 shares during the period. Eqis Capital Management Inc. boosted its holdings in shares of SAP by 2.6% in the fourth quarter. Eqis Capital Management Inc. now owns 18,062 shares of the software maker’s stock worth $2,029,000 after buying an additional 456 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of SAP by 7.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 6,855 shares of the software maker’s stock worth $770,000 after buying an additional 470 shares during the period. Finally, Davis Selected Advisers boosted its holdings in shares of SAP by 0.3% in the third quarter. Davis Selected Advisers now owns 141,865 shares of the software maker’s stock worth $15,537,000 after buying an additional 486 shares during the period. Institutional investors own 3.65% 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).

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