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Thứ Hai, 16 tháng 12, 2013

SAP Aktiengesellschaft Receives "Neutral" Rating from Zacks (SAP) - North Fork Vue

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SAP Aktiengesellschaft (NYSE:SAP)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a $85.00 price objective on the stock. Zacks‘ target price suggests a potential upside of 4.80% from the stock’s previous close.


Zacks‘ analyst wrote, “SAP is the world’s leading independent software vendor with its flagship ERP software. We are maintaining our Neutral rating on SAP AG with $85 target price. The company had a good third quarter. Furthermore, the Americas, which is the company’s biggest market, performed well despite the recent economic turmoil. The company’s new products are also being well received in the market. In addition, with SuccessFactors and Ariba on board, SAP has one of the best cloud portfolios for its clients in the industry. In addition, SAP HANA has a strong market, and is believed to be the primary driver of top line, going forward. However, the company’s Asia Pacific Japan market has been under pressure, (although during the quarter revenue was up 3%), due to continued macroeconomic challenges.”


SAP has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SAP Aktiengesellschaft in a research note to investors on Friday, November 29th. Separately, analysts at Barclays upgraded shares of SAP Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, November 15th. They now have a $95.00 price target on the stock, up previously from $70.00. Finally, analysts at Bank of America Corp. initiated coverage on shares of SAP Aktiengesellschaft in a research note to investors on Wednesday, October 23rd. They set a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.67.


SAP Aktiengesellschaft (NYSE:SAP) traded up 0.92% on Thursday, hitting $81.86. 211,526 shares of the company’s stock traded hands. SAP Aktiengesellschaft has a one year low of $69.71 and a one year high of $84.66. The stock has a 50-day moving average of $80.77 and a 200-day moving average of $75.87. The company has a market cap of $97.700 billion and a P/E ratio of 24.10.


SAP Aktiengesellschaft (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.19. The company had revenue of $4.06 billion for the quarter. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that SAP Aktiengesellschaft will post $3.37 EPS for the current fiscal year.


Sap AG is a Germany-based holding company of the SAP Group, which is engaged in enterprise applications solutions development.


To view Zacks’ full report, visit www.zacks.com


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