SAP (NYSE:SAP) Earns Outperform Rating from Analysts at Sanford C. Bernstein

Investment analysts at Sanford C. Bernstein assumed coverage on shares of SAP (NYSE:SAP) in a note issued to investors on Thursday, Briefing.com reports. The brokerage set an “outperform” rating and a $227.00 price target on the software maker’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 15.96% from the company’s current price.

A number of other brokerages have also weighed in on SAP. JMP Securities boosted their price objective on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets boosted their price objective on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a report on Friday, April 26th. KeyCorp initiated coverage on shares of SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Barclays lowered their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $216.40.

SAP Stock Performance

Shares of SAP stock traded up $1.85 during trading hours on Thursday, reaching $195.76. 105,546 shares of the company’s stock were exchanged, compared to its average volume of 741,543. The stock’s 50 day moving average is $188.46 and its 200-day moving average is $173.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. SAP has a fifty-two week low of $126.75 and a fifty-two week high of $199.29.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). The company had revenue of $8.73 billion for the quarter, compared to analysts’ expectations of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. On average, analysts expect that SAP will post 4.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new stake in SAP in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new stake in SAP in the 1st quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new stake in SAP in the 1st quarter valued at about $29,000. Wetzel Investment Advisors Inc. acquired a new stake in SAP in the 4th quarter valued at about $31,000. Finally, Adirondack Trust Co. raised its holdings in SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after acquiring an additional 109 shares during 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.