Barclays upgraded shares of SAP (NYSE:SAP – Get Rating) from an equal weight rating to an overweight rating in a research report released on Monday morning, Marketbeat Ratings reports. Barclays currently has $136.00 price objective on the software maker’s stock, up from their previous price objective of $106.00.
Several other research analysts have also issued reports on SAP. Citigroup increased their target price on SAP from €95.00 ($96.94) to €100.00 ($102.04) and gave the stock a neutral rating in a research report on Wednesday, October 26th. JPMorgan Chase & Co. raised SAP from a neutral rating to an overweight rating in a research report on Friday, October 21st. Morgan Stanley decreased their target price on SAP from €122.00 ($124.49) to €115.00 ($117.35) and set an overweight rating for the company in a research report on Friday, October 14th. Cowen decreased their target price on SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Finally, StockNews.com raised SAP from a hold rating to a buy rating in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of Hold and an average target price of $110.07.
SAP Trading Down 0.3 %
NYSE SAP opened at $108.50 on Monday. SAP has a fifty-two week low of $78.22 and a fifty-two week high of $141.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $91.33 and a two-hundred day simple moving average of $92.30. The stock has a market cap of $127.98 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 6.96 and a beta of 1.10.
Hedge Funds Weigh In On SAP
SAP Company Profile
SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
- Get a free copy of the StockNews.com research report on SAP (SAP)
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