SAP (NYSE:SAP) Price Target Raised to $265.00 at BMO Capital Markets

SAP (NYSE:SAP) had its price objective boosted by BMO Capital Markets from $248.00 to $265.00 in a report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the software maker’s stock.

A number of other equities research analysts have also recently commented on the company. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. JMP Securities increased their price objective on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Barclays upped their price target 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.33.

SAP Trading Up 1.6 %

NYSE SAP opened at $238.34 on Tuesday. SAP has a 52 week low of $130.63 and a 52 week high of $238.48. The company has a 50 day moving average price of $222.71 and a 200 day moving average price of $204.27. 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 market cap of $292.80 billion, a PE ratio of 95.34, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.39% and a net margin of 8.15%. The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that SAP will post 4.83 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently bought and sold shares of the business. Modera Wealth Management LLC boosted its holdings in shares of SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares during the period. RFP Financial Group LLC boosted its holdings in SAP by 17.5% in the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after purchasing an additional 52 shares during the last quarter. PFG Investments LLC grew its position in SAP by 2.6% during the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after buying an additional 62 shares during the last quarter.

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.