Bernstein Research Raises Rating of SAP (ETR:SAP) To “Outperform”. The TP is EUR 77.00

Share

SAP (ETR:SAP) Stock Upgrade

In an analyst note revealed to investors and clients earlier today, Bernstein Research lifted shares of SAP (ETR:SAP) to a “Outperform”. Analysts currently have a EUR 77.00 target PPS on the shares. Bernstein Research’s target PPS would suggest a ppossible upside of 5.78% from the current price of the stock.

From a total of 11 analysts covering SAP (ETR:SAP) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is €93.14 while the lowest target price is €76.77. The mean of all analyst targets is €84.46 with a -1.80% below today’s (€72.85) stock price. SAP was the topic of 46 analyst reports since June 25, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on November 28 with “Hold” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €65 target share price in a report from an October 21. Citigroup upgraded SAP stock in a recent report from November 4 to “Buy” rating. Societe Generale maintained the rating on October 21. Societe Generale has a “Hold” rating and a €66 price target on shares. Finally, Berenberg maintained the stock with “Hold” rating in a report issued on an October 21.

The stock increased 1.52% or EUR 1.09 on December 7, striking EUR 72.85. Approximately 2.32 million shares of stock traded hands. SAP SE (ETR:SAP) has risen 6.45% since May 5, 2015 and is uptrending. It has outperformed by 7.52% the S&P500.

 Bernstein Research Raises Rating of SAP (ETR:SAP) To

SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. The company has a market cap of 89.50 billion EUR. SAP is an enterprise cloud company. It has 28.17 P/E ratio. As of December 31, 2014, the Company has more than 282,000 clients in over 180 countries.

According to Zacks Investment Research, “Sap Ag Adr is the recognized leader in providing collaborative e-business solutions for all types of industries and for every major market. SAP has leveraged our extensive experience to deliver a comprehensive range of solutions to empower every aspect of business operations. By using SAP solutions, organizations of all sizes including small and midsize enterprises – can reduce costs, improve performance, and gain the agility to respond to changing business needs. SAP is the world’s largest business software company and the world’s third-largest independent software provider overall. SAP has also developed the SAP NetWeaver platform, which allows our customers to achieve more value from their IT investments.” Get a free copy of the Zacks research report on SAP SE (SAP).

COMMENTS: