SAP SE (NYSE:SAP) Receives $248.83 Consensus Target Price from Analysts

Shares of SAP SE (NYSE:SAP) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $248.83.

Several equities research analysts have commented on SAP shares. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAP. FMR LLC lifted its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new position in SAP in the fourth quarter valued at about $290,023,000. TD Asset Management Inc. lifted its holdings in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after acquiring an additional 890,157 shares during the period. JPMorgan Chase & Co. lifted its holdings in SAP by 145.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after acquiring an additional 798,037 shares during the period. Finally, Northern Trust Corp lifted its holdings in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after acquiring an additional 701,880 shares during the period.

SAP Price Performance

Shares of SAP stock opened at $282.87 on Monday. The stock has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23. The business’s fifty day moving average is $265.88 and its 200 day moving average is $241.73. SAP has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Research analysts expect that SAP will post 6.55 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.