Nomura Securities Maintains a 'Buy' on SAP AG (SAP); President of N.A., Resigns
Tweet
Share
E-mailGet Alerts SAP Hot Sheet
Price: $218.68 +0.73%
Rating Summary:
25 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
25 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on SAP AG (NYSE: SAP), PT EUR58.
Analyst, Rick Sherlund, said, "We do not have any reliable information regarding the reason for Mr. Courteau’s resignation. However, we believe he has likely left for either an opportunity at a different company or personal reasons. Given recent strong performance in the Americas, it is not our expectation that a management change would be the result of any sudden developments in the first quarter. SAP trades at 16.2x CY’12E EPS and 15.1x EV/uFCF, below its five-year averages. We see potential for upside over the year as evidence of new product traction continues to build."
For an analyst ratings summary and ratings history on SAP AG click here. For more ratings news on SAP AG click here.
Shares of SAP AG closed at $67.48 yesterday.
Analyst, Rick Sherlund, said, "We do not have any reliable information regarding the reason for Mr. Courteau’s resignation. However, we believe he has likely left for either an opportunity at a different company or personal reasons. Given recent strong performance in the Americas, it is not our expectation that a management change would be the result of any sudden developments in the first quarter. SAP trades at 16.2x CY’12E EPS and 15.1x EV/uFCF, below its five-year averages. We see potential for upside over the year as evidence of new product traction continues to build."
For an analyst ratings summary and ratings history on SAP AG click here. For more ratings news on SAP AG click here.
Shares of SAP AG closed at $67.48 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
- SAP (SAP:GR) (SAP) PT Raised to EUR215 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst Comments, Management ChangesRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
