SAP (NYSE:SAP – Get Free Report) issued its quarterly earnings data on Tuesday. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02), Zacks reports. SAP had a return on equity of 11.44% and a net margin of 8.15%.
SAP Stock Down 0.8 %
SAP stock opened at $273.49 on Wednesday. SAP has a fifty-two week low of $173.05 and a fifty-two week high of $277.36. The business’s 50-day moving average is $250.48 and its two-hundred day moving average is $231.22. 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 company has a market cap of $335.99 billion, a price-to-earnings ratio of 109.40, a P/E/G ratio of 3.89 and a beta of 1.22.
Wall Street Analyst Weigh In
SAP has been the topic of several research reports. Barclays lifted their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities lifted their price objective on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $276.00.
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.
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