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SAP

SAP

$129.01

14.17 (12.34%)

07:19
04/25/19
04/25
07:19
04/25/19
07:19

SAP price target raised to $133 from $115 at RBC Capital

RBC Capital analyst Ross MacMillan raised his price target on SAP to $133 after its better than expected Q1 results, with upside highlighted by the company's Cloud gross margins. The analyst also points to the management's plan targeting higher margins and profit growth. MacMillan keeps his Sector Perform rating on SAP but says he is more positive on the stock after this quarter, looking to do "more work" on the company's upside potential.

  • 07

    May

SAP SAP
$129.01

14.17 (12.34%)

04/09/19
UBSW
04/09/19
DOWNGRADE
UBSW
Neutral
SAP downgraded to Neutral from Buy at UBS
UBS analyst Michael Briest downgraded SAP to Neutral from Buy while raising his price target for the shares to EUR 105 from EUR 98. The analyst says that while he expects in-line Q1 results, he does not expecting an inflection in S/4 adoption this year and sees Qualtrics as "unlikely to transform" SAP's near-term prospects. Further, while the company's cloud margins have been on a steadily improving trajectory, the 2020 target of a 71% gross margin "still seems unattainable," Briest tells investors in a research note. With the shares now at a near 20 times price-to-earnings multiple on 2020 estimates, the analyst sees SAP as near fair value.
04/09/19
HSBC
04/09/19
DOWNGRADE
HSBC
Hold
SAP downgraded to Hold from Buy at HSBC
HSBC analyst Antonin Baudry downgraded SAP to Hold from Buy with a price target of EUR 110. UBS this morning also downgraded SAP. Baudry sees a less favorable risk/reward at current share levels. SAP's free cash flow generation and its margins are at risk due to a quicker than expected shift to the cloud, the analyst tells investors in a research note.
04/09/19
04/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at HSBC and to Neutral from Buy at UBS. 2. American Assets Trust (AAT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Thomas saying the stock has surpassed his previous $45 price target. 3. Ball Corp. (BLL) downgraded to Market Perform from Outperform at BMO Capital with analyst Mark Wilde saying that after an "impressive run," the stock is now trading at the upper end of its peer group range. 4. Charter (CHTR) downgraded to Neutral on valuation at Macquarie with analyst Amy Young saying shares reflect much of the operational and free cash flow potential and further multiple expansion hinges on its ability to set a consistent track record. 5. U.S. Steel (X) downgraded to Underperform from Neutral at Credit Suisse with analyst Curt Woodworth saying after performing deep dive analysis on U.S. Steel Flat Rolled segment, the analyst concludes the step-function rise in unit costs the past several years coupled with loss of automotive share suggests the company is in a weaker competitive position versus peers entering the "Sheet Tsunami" period in the U.S. from 2021-2022. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/25/19
STFL
04/25/19
UPGRADE
STFL
Hold
SAP upgraded to Hold from Sell at Stifel
Stifel analyst Brad Reback upgraded SAP to Hold from Sell and raised his price target for the shares to EUR 118 from EUR 85. Following a "solid" Q1 print, it appears SAP is "turning the corner" after two years of "significant underperformance," Reback tells investors in a research note. Further, the analyst believes oversight provided by Elliott Management as well as a Special Executive Board Committee should keep SAP "on a straight and narrow expense path."

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FDX

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TGTX

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LPLA

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TPX

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APTX

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

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AOBC

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REPR

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ELOX

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AYI

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TPTX

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