SAP SE (NYSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

SAP SE (NYSE:SAP) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $232.00.

SAP has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price for the company. TD Cowen raised their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. JMP Securities raised their price objective on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th.

SAP Stock Up 0.4 %

SAP stock opened at $219.71 on Monday. SAP has a one year low of $126.75 and a one year high of $221.24. The stock has a market capitalization of $259.17 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $207.19 and a 200-day moving average of $194.99.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter last year, the business earned $0.71 EPS. The business’s revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that SAP will post 4.75 EPS for the current year.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in SAP during the first quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in SAP during the first quarter worth about $25,000. POM Investment Strategies LLC raised its position in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Crewe Advisors LLC raised its position in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in SAP during the first quarter worth about $29,000.

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.