SAP (NYSE:SAP) Sets New 1-Year High After Analyst Upgrade

SAP SE (NYSE:SAPGet Free Report) shares reached a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from $265.00 to $307.00. BMO Capital Markets currently has an outperform rating on the stock. SAP traded as high as $278.53 and last traded at $278.23, with a volume of 9783 shares traded. The stock had previously closed at $273.79.

A number of other research firms have also issued reports on SAP. Barclays lifted their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $290.40.

View Our Latest Report on SAP

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently bought and sold shares of SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP during the 3rd quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP in the fourth quarter valued at about $27,000. Albion Financial Group UT raised its position in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group acquired a new stake in shares of SAP during the third quarter valued at about $42,000. Finally, Financial Management Professionals Inc. grew its stake in shares of SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter.

SAP Stock Up 1.1 %

The firm has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a P/E/G ratio of 3.89 and a beta of 1.22. The stock has a 50 day moving average of $251.29 and a 200 day moving average of $231.70. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAPGet Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. As a group, analysts expect that SAP SE will post 4.64 earnings per share for the current fiscal year.

SAP Company Profile

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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.

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