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Thứ Ba, 30 tháng 12, 2014

SAP SE Lifted to "Neutral" at Zacks - Dakota Financial News

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Zacks upgraded shares of SAP SE (NYSE:SAP) from an underperform rating to a neutral rating in a report released on Friday. Zacks currently has $75.00 price objective on the stock.


Zacks’ analyst wrote, “We have upgraded our recommendation on SAP to Neutral from Underperform, following the acquisition completion of Concur Technologies. With the buyout, this leading independent software company re- established itself as a cloud-based software technology company. Further, SAP had reported strong third-quarter results, following which the positive estimate revisions have led to an increase in the Zacks Consensus Estimate for fiscal 2015. The company’s business is benefiting from the strong adoption of its cloud platform-as-a-service, SAP HANA. However, the costs of acquisitions are expected to weigh on its margins, in the near term. Also, unfavorable currency translations remain a concern.”


Zacks has also updated their ratings on a number of other information technology stocks in the last week. The firm downgraded shares of Strattec Security Corp. from an outperform rating to a neutral rating. Their analysts now have a $99.20 price target on that stock. Also, Zacks downgraded shares of Banco Santander-Chile (ADR) from an outperform rating to a neutral rating. Their analysts now have a $23.70 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Ericsson (ADR). They have a $13.00 price target on that stock.


A number of other firms have also recently commented on SAP. Analysts at Kepler Capital Markets downgraded shares of SAP SE to a hold rating in a research note on Friday, December 12th. Separately, analysts at Jefferies Group cut their price target on shares of SAP SE from $71.00 to $70.00 in a research note on Monday, December 8th. They now have a hold rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of SAP SE in a research note on Thursday, November 20th. They set a hold rating on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. SAP SE currently has a consensus rating of Hold and an average price target of $75.75.


SAP SE (NYSE:SAP) opened at 71.32 on Friday. SAP SE has a one year low of $64.10 and a one year high of $87.42. The stock has a 50-day moving average of $69.32 and a 200-day moving average of $73.59. The company has a market cap of $85.263 billion and a P/E ratio of 21.05.


SAP SE (NYSE:SAP) last released its earnings data on Monday, October 20th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.23. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that SAP SE will post $3.57 EPS for the current fiscal year.


SAP SE is engaged in providing enterprise applications. The Company markets and distributes its products, solutions, and services primarily through a worldwide network of local subsidiaries, which are licensed to distribute SAP offerings to customers in defined territories.


To get a free copy of the research report on SAP SE (SAP), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com


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