SAP SE (NYSE:SAP) Receives $252.33 Consensus Price Target from Analysts

Shares of SAP SE (NYSE:SAP) have received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $252.33.

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

SAP Stock Down 1.3 %

NYSE:SAP opened at $228.31 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP has a 1-year low of $148.10 and a 1-year high of $243.01. The company has a 50-day moving average of $228.63 and a 200 day moving average of $209.94. The firm has a market cap of $280.48 billion, a PE ratio of 91.46, a price-to-earnings-growth ratio of 4.44 and a beta of 1.25.

SAP (NYSE:SAP) last announced 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). The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. As a group, research analysts anticipate that SAP will post 4.85 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of SAP during the first quarter worth $58,936,000. International Assets Investment Management LLC acquired a new position in SAP during the third quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in SAP during the 2nd quarter worth about $21,479,000.

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.