Goldman Sachs Group Reaffirms Buy Rating for SAP (NYSE:SAP)

Goldman Sachs Group restated their buy rating on shares of SAP (NYSE:SAP) in a research report sent to investors on Friday, October 18th, Stock Target Advisor reports. Goldman Sachs Group currently has a $145.00 price objective on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered SAP from a hold rating to a sell rating and set a $134.00 target price on the stock. in a research report on Tuesday, July 23rd. Deutsche Bank lowered SAP from a buy rating to a hold rating in a research report on Friday, July 19th. BMO Capital Markets set a $140.00 price target on SAP and gave the stock a hold rating in a research report on Friday, July 19th. Barclays cut their price target on SAP from $143.00 to $140.00 and set an overweight rating on the stock in a research report on Friday, July 19th. Finally, Independent Research reaffirmed a neutral rating and set a $123.00 price target on shares of SAP in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. SAP currently has a consensus rating of Hold and a consensus price target of $116.00.

Shares of NYSE SAP traded up $1.36 during mid-day trading on Friday, reaching $136.44. 325,120 shares of the company’s stock were exchanged, compared to its average volume of 792,278. The firm has a market capitalization of $159.42 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.81 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.01 and a current ratio of 1.01. SAP has a 52-week low of $94.81 and a 52-week high of $140.62. The company’s 50-day moving average is $125.15 and its 200-day moving average is $125.81.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. SAP had a return on equity of 16.12% and a net margin of 12.62%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.78 billion. During the same period last year, the business posted $1.14 EPS. SAP’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts predict that SAP will post 4.46 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in SAP. One Capital Management LLC boosted its holdings in SAP by 0.9% in the second quarter. One Capital Management LLC now owns 16,125 shares of the software maker’s stock worth $2,206,000 after purchasing an additional 136 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of SAP in the second quarter worth $235,000. Holocene Advisors LP bought a new stake in shares of SAP during the 2nd quarter worth $76,517,000. Sterling Capital Management LLC boosted its holdings in shares of SAP by 5.7% during the 2nd quarter. Sterling Capital Management LLC now owns 4,911 shares of the software maker’s stock worth $672,000 after buying an additional 266 shares during the period. Finally, Bessemer Group Inc. grew its stake in SAP by 15.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock valued at $259,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 5.02% of the company’s stock.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. 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; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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