Key Highlights
- In a research note issued to investors on 26th October, analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for SAP.
- Jefferies Financial Group analyst, C. Brennan, predicts that the software maker will bag $2.80 per share for the year, down from their last forecast of $3.26.
- The consensus estimate for the current full-year earnings of SAP is $2.80 per share.
Jefferies Financial Group also provided estimates for SAP’s Q4 2022 earnings at $0.88 EPS, FY2023 earnings at $3.61 EPS, and FY2024 earnings at $4.18 EPS.
Several other analysts have also responded to the stock. In a research report on 26th October, Cowen reduced their price objective on shares of SAP from $107.00 to $106.00.
Oddo Bhf cut their price objective on shares of SAP from €104.00 ($106.12) to €93.00 ($94.90) and set a “neutral” rating on the stock in a research report on 5th July.
Citigroup boosted their price objective on shares of SAP from €95.00 ($96.94) to €100.00 ($102.04) and gave the stock a “neutral” rating in a research report on 26th October.
Finally, in a research report on 22nd July, Deutsche Bank Aktiengesellschaft decreased their price target on shares of SAP from €120.00 ($122.45) to €115.00 ($117.35).
SAP Stock Performance
Shares of SAP stock opened at $97.71. The fifty-day simple moving average of the company is $85.89, and its 200-day simple moving average is $92.31.
SAP has a quick ratio of 0.96, a current ratio of 1.03, and a debt-to-equity ratio of 0.21. The organization has a market cap of $115.26 billion, a PE ratio of 32.57, a P/E/G ratio of 5.36, and a beta of 1.06. The company has a 12-month low of $78.22 and a 12-month high of $149.92.
