BMO Capital Markets Downgrades SAP (NYSE:SAP) to Hold

SAP (NYSE:SAP) was downgraded by equities research analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.17.

SAP Trading Down 0.0 %

NYSE:SAP opened at $229.50 on Tuesday. SAP has a 12-month low of $127.30 and a 12-month high of $232.23. The firm has a market cap of $281.94 billion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 4.32 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $220.49 and a 200 day moving average price of $202.93.

SAP (NYSE:SAP) last posted its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. SAP’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that SAP will post 4.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Large investors have recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in SAP during the 1st quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in SAP in the 1st quarter worth approximately $25,000. POM Investment Strategies LLC grew its holdings in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC raised its position in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SAP in the first quarter worth $29,000.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.