SAP SE (NYSE:SAP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SAP SE (NYSE:SAP) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $220.20.

Several analysts recently issued reports on SAP shares. Barclays dropped their target price on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. KeyCorp initiated coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Sanford C. Bernstein initiated coverage on shares of SAP in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price for the company. Finally, BMO Capital Markets raised SAP from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $218.00 to $237.00 in a research note on Friday, June 28th.

SAP Stock Performance

Shares of SAP stock opened at $201.74 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $193.12 and its 200 day simple moving average is $183.26. SAP has a 12 month low of $126.75 and a 12 month high of $206.08. The company has a market capitalization of $237.97 billion, a PE ratio of 43.76, a PEG ratio of 4.18 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.06). The firm had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. On average, research analysts predict that SAP will post 4.56 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in SAP in the first quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in SAP during the 1st quarter valued at about $25,000. Sunbelt Securities Inc. purchased a new stake in SAP in the 1st quarter valued at $29,000. Wetzel Investment Advisors Inc. purchased a new position in SAP during the fourth quarter worth about $31,000. Finally, Adirondack Trust Co. increased its position in shares of SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after acquiring an additional 109 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.