JPMorgan Chase & Co. Reaffirms Neutral Rating for SAP (NYSE:SAP)

SAP (NYSE:SAP)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, The Fly reports.

Other equities analysts also recently issued reports about the company. BMO Capital Markets increased their target price on SAP from $140.00 to $150.00 and gave the stock a “market perform” rating in a research note on Friday, April 23rd. Oddo Bhf downgraded SAP from an “outperform” rating to a “neutral” rating in a research note on Thursday. Bank of America upgraded SAP from an “underperform” rating to a “buy” rating in a report on Wednesday, July 7th. CIBC upped their price target on SAP from $43.00 to $45.00 and gave the stock an “outperformer” rating in a report on Friday, June 4th. Finally, UBS Group restated a “neutral” rating on shares of SAP in a report on Monday, April 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.20.

SAP traded up $0.65 on Thursday, hitting $139.51. 16,761 shares of the company traded hands, compared to its average volume of 520,309. The stock’s 50 day moving average is $141.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $171.39 billion, a PE ratio of 26.20, a PEG ratio of 3.04 and a beta of 1.06. SAP has a 12-month low of $104.64 and a 12-month high of $169.30.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 21st. The software maker reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.72. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.70 billion. SAP had a return on equity of 19.27% and a net margin of 19.87%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Equities analysts expect that SAP will post 4.74 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of SAP during the first quarter worth $25,000. Childress Capital Advisors LLC purchased a new position in shares of SAP in the 4th quarter worth $28,000. Atlas Capital Advisors LLC purchased a new position in shares of SAP in the 1st quarter worth $28,000. Stonebridge Capital Advisors LLC purchased a new position in shares of SAP in the 1st quarter worth $42,000. Finally, Defined Wealth Management LLC purchased a new position in shares of SAP in the 4th quarter worth $46,000. Institutional investors and hedge funds own 4.27% of the company’s stock.

SAP Company Profile

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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