SAP (SAP) Downgraded to Neutral at Bank of America

SAP (NYSE:SAP) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Monday, February 4th, Marketbeat.com reports.

SAP has been the subject of a number of other reports. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Tuesday, January 29th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Thursday, October 18th. Barclays dropped their price objective on SAP from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Friday, October 19th. Finally, UBS Group raised SAP from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. SAP has a consensus rating of “Buy” and a consensus price target of $114.83.

NYSE:SAP traded up $1.25 on Monday, hitting $108.38. 473,382 shares of the company’s stock traded hands, compared to its average volume of 761,160. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.13. SAP has a 1 year low of $94.81 and a 1 year high of $127.16. The stock has a market cap of $133.14 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The firm had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.22 billion. During the same period in the previous year, the firm posted $1.77 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate that SAP will post 5.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. SRS Capital Advisors Inc. grew its position in shares of SAP by 22.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 528 shares of the software maker’s stock valued at $53,000 after purchasing an additional 96 shares during the period. Pitcairn Co. grew its holdings in SAP by 2.4% during the 4th quarter. Pitcairn Co. now owns 5,086 shares of the software maker’s stock worth $506,000 after acquiring an additional 120 shares in the last quarter. Glassman Wealth Services grew its holdings in SAP by 47.0% during the 4th quarter. Glassman Wealth Services now owns 463 shares of the software maker’s stock worth $46,000 after acquiring an additional 148 shares in the last quarter. Bessemer Group Inc. grew its holdings in SAP by 11.2% during the 4th quarter. Bessemer Group Inc. now owns 1,800 shares of the software maker’s stock worth $179,000 after acquiring an additional 182 shares in the last quarter. Finally, One Wealth Advisors LLC grew its holdings in SAP by 5.9% during the 4th quarter. One Wealth Advisors LLC now owns 3,284 shares of the software maker’s stock worth $327,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 4.45% of the company’s stock.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. 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; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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Analyst Recommendations for SAP (NYSE:SAP)

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