SAP (NYSE:SAP) Price Target Raised to $218.00 at BMO Capital Markets

SAP (NYSE:SAP) had its target price lifted by stock analysts at BMO Capital Markets from $215.00 to $218.00 in a report released on Friday, Briefing.com reports. The firm currently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 17.79% from the stock’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. JMP Securities boosted their target price on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday. KeyCorp assumed coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays reduced their price target on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.20.

SAP Stock Performance

Shares of NYSE SAP opened at $185.08 on Friday. The business’s 50-day moving average price is $187.77 and its two-hundred day moving average price is $165.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. SAP has a one year low of $126.75 and a one year high of $199.29.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). SAP had a net margin of 15.76% and a return on equity of 9.81%. The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. Sell-side analysts anticipate that SAP will post 4.69 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Several large investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. acquired a new position in shares of SAP during the 1st quarter worth about $389,000. Lindbrook Capital LLC increased its stake in SAP by 4.3% during the first quarter. Lindbrook Capital LLC now owns 2,106 shares of the software maker’s stock valued at $411,000 after acquiring an additional 86 shares during the period. Aaron Wealth Advisors LLC increased its stake in SAP by 54.2% during the first quarter. Aaron Wealth Advisors LLC now owns 6,260 shares of the software maker’s stock valued at $1,221,000 after acquiring an additional 2,200 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in SAP by 8.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,356 shares of the software maker’s stock valued at $1,435,000 after acquiring an additional 596 shares during the period. Finally, Verity & Verity LLC bought a new position in SAP during the first quarter valued at about $35,000.

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.