SAP (NYSE:SAP) Price Target Increased to $240.00 by Analysts at TD Cowen

SAP (NYSE:SAP) had its price target hoisted by TD Cowen from $234.00 to $240.00 in a research note issued to investors on Tuesday, Benzinga reports. TD Cowen currently has a hold rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on SAP. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday. Barclays boosted their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, BMO Capital Markets upped their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Up 1.6 %

Shares of SAP opened at $238.34 on Tuesday. SAP has a twelve month low of $130.63 and a twelve month high of $238.48. The stock has a market capitalization of $292.80 billion, a P/E ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $222.71 and a two-hundred day simple moving average of $204.27.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the firm earned $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that SAP will post 4.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SAP. Northwest Investment Counselors LLC purchased a new stake in SAP during the 1st quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of SAP in the 1st quarter worth about $25,000. Godsey & Gibb Inc. purchased a new stake in SAP during the third quarter valued at approximately $25,000. POM Investment Strategies LLC raised its holdings in SAP by 892.3% during 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. Finally, Crewe Advisors LLC raised its stake in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the period.

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.