SAP (NYSE:SAP) Given New €93.00 Price Target at Oddo Bhf

SAP (NYSE:SAPGet Rating) had its price objective dropped by equities research analysts at Oddo Bhf from €104.00 ($108.33) to €93.00 ($96.88) in a report issued on Tuesday, The Fly reports. The firm currently has a “neutral” rating on the software maker’s stock.

A number of other equities research analysts have also commented on the company. Grupo Santander upgraded SAP from an “underperform” rating to a “neutral” rating and set a €104.00 ($108.33) price target on the stock in a research report on Thursday, May 5th. BMO Capital Markets decreased their price target on SAP from $145.00 to $118.00 and set a “market perform” rating on the stock in a research report on Monday, April 25th. Berenberg Bank began coverage on SAP in a research report on Tuesday. They set a “buy” rating on the stock. Exane BNP Paribas lowered SAP from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a research report on Thursday, June 30th. Finally, StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 28th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.18.

Shares of SAP opened at $90.70 on Tuesday. SAP has a 1 year low of $88.96 and a 1 year high of $151.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $97.11 and a 200-day simple moving average of $112.52.

SAP (NYSE:SAPGet Rating) last released its quarterly earnings results on Friday, April 22nd. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.20. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.55 billion. SAP had a return on equity of 13.68% and a net margin of 17.46%. As a group, research analysts forecast that SAP will post 3.65 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Capital International Investors raised its stake in SAP by 58.2% during the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after buying an additional 1,729,492 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in SAP by 230.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after buying an additional 969,505 shares during the period. First Trust Advisors LP raised its stake in SAP by 5.9% during the 1st quarter. First Trust Advisors LP now owns 1,170,432 shares of the software maker’s stock worth $129,871,000 after buying an additional 65,570 shares during the period. Principal Financial Group Inc. raised its stake in SAP by 26.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,023,546 shares of the software maker’s stock worth $113,572,000 after buying an additional 215,811 shares during the period. Finally, Bank of America Corp DE raised its stake in SAP by 9.5% during the 1st quarter. Bank of America Corp DE now owns 961,094 shares of the software maker’s stock worth $106,642,000 after buying an additional 83,721 shares during the period.

SAP Company Profile (Get Rating)

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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