SAP (SAP) Earns “Neutral” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their neutral rating on shares of SAP (NYSE:SAP) in a research report report published on Friday.

Other analysts have also recently issued research reports about the stock. DZ Bank reissued a buy rating on shares of SAP in a research note on Thursday, October 18th. ValuEngine upgraded shares of SAP from a hold rating to a buy rating in a research report on Tuesday, December 18th. UBS Group upgraded shares of SAP from a neutral rating to a buy rating in a research report on Monday, October 22nd. Zacks Investment Research upgraded shares of SAP from a hold rating to a buy rating and set a $116.00 price target on the stock in a research report on Monday, February 4th. Finally, Bank of America lowered shares of SAP from a buy rating to a neutral rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $110.63.

NYSE SAP opened at $104.03 on Friday. The stock has a market capitalization of $127.80 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. SAP has a twelve month low of $94.81 and a twelve month high of $127.16. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). The business had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.22 billion. SAP had a net margin of 16.44% and a return on equity of 16.47%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 EPS. As a group, research analysts anticipate that SAP will post 5.02 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of SAP by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 6,926,072 shares of the software maker’s stock worth $689,491,000 after purchasing an additional 170,359 shares in the last quarter. FMR LLC lifted its position in shares of SAP by 9.3% during the third quarter. FMR LLC now owns 2,660,926 shares of the software maker’s stock worth $327,294,000 after purchasing an additional 226,359 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of SAP by 19.6% during the fourth quarter. Cambiar Investors LLC now owns 1,648,637 shares of the software maker’s stock worth $164,122,000 after buying an additional 270,753 shares during the last quarter. Sustainable Growth Advisers LP raised its stake in shares of SAP by 5.5% during the fourth quarter. Sustainable Growth Advisers LP now owns 1,481,317 shares of the software maker’s stock worth $147,465,000 after buying an additional 77,240 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of SAP by 2.2% during the third quarter. Neuberger Berman Group LLC now owns 1,025,041 shares of the software maker’s stock worth $126,176,000 after buying an additional 22,293 shares during the last quarter. Institutional investors own 4.47% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. 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; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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