SAP SE (NYSE:SAP) Receives $252.33 Average Target Price from Brokerages

SAP SE (NYSE:SAP) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $252.33.

Several research firms have recently commented on SAP. Barclays boosted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Argus raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd.

Institutional Investors Weigh In On SAP

Several institutional investors have recently made changes to their positions in SAP. LRI Investments LLC purchased a new stake in SAP in the first quarter worth $25,000. Godsey & Gibb Inc. bought a new stake in SAP during the 3rd quarter valued at about $25,000. POM Investment Strategies LLC boosted its position in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC grew its stake in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of SAP by 254.2% during the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker’s stock worth $33,000 after acquiring an additional 122 shares during the period.

SAP Trading Down 1.3 %

Shares of SAP stock opened at $228.31 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average of $228.63 and a 200 day moving average of $209.94. The company has a market capitalization of $280.48 billion, a P/E ratio of 91.46, a P/E/G ratio of 4.44 and a beta of 1.25. SAP has a fifty-two week low of $148.10 and a fifty-two week high of $243.01.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that SAP will post 4.85 earnings per share for the current fiscal year.

SAP Company Profile

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.