Royal Bank of Canada restated their outperform rating on shares of SAP (NYSE:SAP – Free Report) in a research note released on Thursday,Benzinga reports. The firm currently has a $38.00 target price on the software maker’s stock.
A number of other equities analysts have also issued reports on the company. Barclays upped their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $248.83.
Check Out Our Latest Analysis on SAP
SAP Trading Up 1.0 %
SAP (NYSE:SAP – Get Free Report) last posted 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 9.17% and a return on equity of 12.42%. Equities research analysts predict that SAP will post 6.35 EPS for the current fiscal year.
Hedge Funds Weigh In On SAP
Several institutional investors have recently made changes to their positions in SAP. Godsey & Gibb Inc. acquired a new position in SAP during the 3rd quarter valued at approximately $25,000. Union Bancaire Privee UBP SA bought a new stake in SAP in the fourth quarter valued at $27,000. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in shares of SAP during the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP in the 3rd quarter worth about $47,000.
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.
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