SAP SE Given Consensus Recommendation Of “Hold” By Brokerages

Key Highlights

• MarketBeat Ratings reports that SAP SE has been assigned a consensus rating of “Hold” from the current nineteen analysts covering the company.
• Eight analysts have rated the stock with a consensus recommendation of “Hold.”
• Six analysts have issued a “buy” recommendation on the company.

The average one-year price objective among brokerages that have released stock ratings in the previous year is $106.17.

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Several research firms have commented on SAP. In a research note, Cowen reduced their price target on SAP from $107.00 to $106.00 on 26th October. Barclays increased their price target on SAP from $102.00 to $105.00, giving the company an “equal weight” rating on 26th October.

Deutsche Bank Aktiengesellschaft decreased their price target on SAP from $120.00 to $115.00 on 22nd July. Citigroup increased its price target on SAP from $95.00 to $100.00, giving the company a “neutral” rating on 26th October.

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Institutional Trading of SAP

Recently, Hedge funds and other institutional investors have bought and sold shares of the stock. Castleview Partners LLC increased its holdings in SAP by 8,972 percent during the second quarter. Currently, it owns 2,268 shares of stock of the software maker worth $25,000 after buying an extra 2,243 shares.

Eagle Bay Advisors LLC gained a new stake in SAP in the second quarter worth nearly $25,000. Geneos Wealth Management Inc. increased its holdings in SAP by 650 percent in the second quarter. Currently, it owns 300 shares of stock of the software maker worth $27,000 after buying an extra 260 shares.

SAP Trading Up 1.6 Percent

Shares of NYSE SAP opened at $97.57. The stock has a P/E ratio of 32.52, a market capitalization of $115.09 billion, a price-to-earnings-growth ratio of 6.15, and also a beta of 1.10.