Stifel Nicolaus Reiterates a Sell Rating on SAP AG

By Carrie Williams

In a report issued on October 10, George O’Connor from Stifel Nicolaus reiterated a Sell rating on SAP AG (NYSE: SAP), with a price target of $75. The company’s shares closed yesterday at $112.66, close to its 52-week high of $112.80.

According to TipRanks.com, O’Connor is a 1-star analyst with an average return of -20.4% and a 50.0% success rate. O’Connor covers the Technology sector, focusing on stocks such as Microsoft Corp, Salesforce.com, and Sage Group.

SAP AG has an analyst consensus of Moderate Buy, with a price target consensus of $97.80.

Based on SAP AG’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.46 billion and quarterly net profit of $747 million. In comparison, last year the company earned revenue of $6.01 billion and had a net profit of $817 million.

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