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Thứ Hai, 29 tháng 12, 2014

SAP SE Stock Rating Upgraded by Zacks - WKRB News

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SAP SE (NYSE:SAP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday. The firm currently has a $75.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 4.60% from the company’s current price.


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.”


Other equities research analysts have also recently issued reports about the stock. 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 investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.75.


Shares of SAP SE (NYSE:SAP) opened at 71.70 on Friday. SAP SE has a 52 week low of $64.10 and a 52 week high of $87.42. The stock’s 50-day moving average is $69.19 and its 200-day moving average is $73.64. The company has a market cap of $85.718 billion and a price-to-earnings ratio of 20.98.


SAP SE (NYSE:SAP) last posted its quarterly earnings results 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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