New Rating issued on SAP SE (ADR) (SAP): Upgraded by Societe Generale to ” Buy”

SAP SE (ADR) (SAP) was Upgraded by Societe Generale to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Societe Generale advised their Clients and Investors in a research report released on Mar 2, 2017.

Based on several research reports , SAP SE (ADR) was Upgraded by Societe Generale to ” Buy” on Mar 2, 2017. Company shares were Reiterated by BMO Capital Markets on Jan 25, 2017 to “Market Perform”, Firm has raised the Price Target to $ 95 from a previous price target of $88 .SAP SE (ADR) was Initiated by Wells Fargo to “Outperform” on Jan 11, 2017. Company shares were Reiterated by JMP Securities on Jan 11, 2017 to “Mkt Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $93 .Shares were Reiterated by RBC Capital Mkts on Jan 6, 2017 to “Sector Perform” and Lowered the Price Target to $ 91 from a previous price target of $95 .

On the company’s financial health, SAP SE (ADR) reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jan 24, 2017. Analyst had a consensus of $1.41. The company had revenue of $6724.00 million for the quarter, compared to analysts expectations of $6681.40 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

SAP SE (ADR) closed down -0.15 points or -0.16% at $93.22 with 5,12,605 shares getting traded on Monday. Post opening the session at $92.89, the shares hit an intraday low of $92.87 and an intraday high of $93.346 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

SAP SE formerly SAP AG is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31 2014 the Company has more than 282000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database data processing and application platform capabilities in-memory. It also provides capabilities such as predictive text analytics spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines including consumer discrete manufacturing energy and natural resources financial services public services and other services. Through Sapphire Ventures Sapphire Ventures invests in global companies as well as early-stage venture capital funds in enterprise and consumer technology.

SAP SE (ADR)

Leave a Reply

Your email address will not be published. Required fields are marked *