TD Cowen Raises SAP (NYSE:SAP) Price Target to $240.00

SAP (NYSE:SAP) had its price target boosted by TD Cowen from $234.00 to $240.00 in a research report released on Tuesday morning, Benzinga reports. TD Cowen currently has a hold rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on SAP. BMO Capital Markets upped their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Barclays upped their price target on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SAP has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Performance

Shares of SAP stock opened at $238.34 on Tuesday. SAP has a 52 week low of $130.63 and a 52 week high of $238.48. The company has a market capitalization of $292.80 billion, a price-to-earnings ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The company has a 50-day simple moving average of $222.71 and a 200 day simple moving average of $204.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts predict that SAP will post 4.83 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of large investors have recently bought and sold shares of SAP. Godsey & Gibb Inc. acquired a new stake in SAP in the 3rd quarter valued at $25,000. LRI Investments LLC bought a new position in shares of SAP in the first quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in SAP in the 1st quarter worth about $25,000. POM Investment Strategies LLC grew its stake in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Finally, Crewe Advisors LLC grew its position in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.