Brokerages Set SAP SE (NYSE:SAP) PT at $248.83

Shares of SAP SE (NYSE:SAP) have earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $248.83.

SAP has been the topic of a number of analyst reports. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Finally, BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On SAP

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ascent Group LLC raised its holdings in SAP by 3.9% during the fourth quarter. Ascent Group LLC now owns 1,409 shares of the software maker’s stock worth $347,000 after purchasing an additional 53 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of SAP in the fourth quarter valued at $66,000. Forum Financial Management LP raised its stake in shares of SAP by 16.3% during the 4th quarter. Forum Financial Management LP now owns 17,674 shares of the software maker’s stock worth $4,352,000 after buying an additional 2,482 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of SAP by 149.0% in the 4th quarter. Toronto Dominion Bank now owns 1,758 shares of the software maker’s stock worth $432,000 after buying an additional 1,052 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in SAP in the 4th quarter valued at about $3,730,000.

SAP Price Performance

Shares of NYSE:SAP opened at $282.87 on Monday. SAP has a one year low of $175.08 and a one year high of $293.70. The stock has a market capitalization of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.72 and a beta of 1.23. The company has a 50-day simple moving average of $265.88 and a 200-day simple moving average of $241.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, analysts predict that SAP will post 6.55 EPS for the current year.

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.