Brokerages Set SAP SE (NYSE:SAP) Target Price at $225.17

SAP SE (NYSE:SAP) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $225.17.

A number of research analysts have issued reports on SAP shares. Barclays cut their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. JMP Securities upped their target price on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein started coverage on shares of SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. BMO Capital Markets upped their target price on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen upped their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd.

SAP Stock Down 2.8 %

SAP stock opened at $199.00 on Thursday. The stock has a 50-day simple moving average of $197.84 and a 200 day simple moving average of $189.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 12-month low of $126.75 and a 12-month high of $214.94.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, equities research analysts predict that SAP will post 4.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the first quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of SAP during the first quarter valued at approximately $25,000. POM Investment Strategies LLC increased its holdings in shares of SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP during the first quarter valued at approximately $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.