SAP SE (NYSE:SAP) Receives $248.83 Average Target Price from Brokerages

SAP SE (NYSE:SAP) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $248.83.

A number of analysts have weighed in on the company. Barclays increased their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their target price for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th.

SAP Stock Performance

Shares of SAP stock opened at $264.05 on Friday. The stock has a market capitalization of $324.38 billion, a PE ratio of 92.00, a PEG ratio of 4.71 and a beta of 1.25. The business’s 50 day simple moving average is $273.62 and its 200 day simple moving average is $248.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP has a one year low of $175.08 and a one year high of $293.70.

SAP (NYSE:SAP) last posted its quarterly earnings data 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 net margin of 9.17% and a return on equity of 12.18%. As a group, research analysts forecast that SAP will post 6.55 earnings per share for the current year.

Institutional Trading of SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Centricity Wealth Management LLC bought a new position in shares of SAP in the fourth quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter worth about $27,000. Rakuten Securities Inc. lifted its position in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT boosted its stake in SAP by 122.4% during the 4th 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 last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in SAP during the 4th quarter worth approximately $42,000.

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.