A number of other analysts have also recently weighed in on SAP. Cowen reduced their price target on SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Barclays raised SAP from an equal weight rating to an overweight rating and boosted their price objective for the stock from $106.00 to $136.00 in a research report on Monday. JPMorgan Chase & Co. raised SAP from a neutral rating to an overweight rating in a research report on Friday, October 21st. Cowen cut their price objective on SAP from $107.00 to $106.00 in a research report on Wednesday, October 26th. Finally, Morgan Stanley cut their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, SAP currently has an average rating of Hold and a consensus price target of $110.07.
SAP Price Performance
Shares of NYSE:SAP opened at $109.62 on Tuesday. SAP has a fifty-two week low of $78.22 and a fifty-two week high of $141.68. The business has a 50-day moving average of $91.81 and a two-hundred day moving average of $92.39. The stock has a market capitalization of $129.31 billion, a P/E ratio of 36.54, a P/E/G ratio of 6.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.03 and a quick ratio of 1.03.
Institutional Investors Weigh In On SAP
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.
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