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

SAP SE (NYSE:SAP) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $252.33.

SAP has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen increased their target price on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd.

SAP Trading Down 0.5 %

Shares of NYSE:SAP opened at $254.14 on Wednesday. The stock’s 50-day simple moving average is $233.71 and its two-hundred day simple moving average is $215.89. The stock has a market capitalization of $312.21 billion, a price-to-earnings ratio of 101.66, a PEG ratio of 4.87 and a beta of 1.23. SAP has a 52-week low of $148.38 and a 52-week high of $256.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business posted $1.20 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that SAP will post 4.89 EPS for the current year.

Hedge Funds Weigh In On SAP

Several institutional investors have recently bought and sold shares of SAP. Holocene Advisors LP bought a new position in shares of SAP during the 3rd quarter valued at about $10,869,000. Benjamin Edwards Inc. boosted its stake in SAP by 1,496.4% during the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the last quarter. Creative Planning grew its holdings in SAP by 18.0% during the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after buying an additional 14,546 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of SAP during the 3rd quarter worth approximately $3,780,000.

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.