SAP (NYSE:SAP) Hits New 12-Month High After Analyst Upgrade

SAP SE (NYSE:SAP) reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at $273.79.

A number of other research analysts have also recently commented on the stock. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Barclays upped their price target on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $290.40.

Institutional Trading of SAP

Hedge funds have recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new stake in SAP in the third quarter worth $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter worth approximately $27,000. Albion Financial Group UT raised its position in shares of 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 buying an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of SAP during the third quarter valued at approximately $42,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of SAP during the third quarter valued at approximately $47,000.

SAP Stock Performance

The firm has a market cap of $340.52 billion, a P/E ratio of 110.94, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average price is $251.29 and its 200 day moving average price is $231.70.

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

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.