SAP SE (NYSE:SAP) Receives $232.17 Consensus Target Price from Brokerages

Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have 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 $232.17.

Several equities analysts have recently weighed in on SAP shares. TD Cowen lifted their target price on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets cut SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Barclays increased their price target on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, JMP Securities increased their target price on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd.

SAP Stock Performance

Shares of SAP stock opened at $230.44 on Tuesday. The business’s fifty day simple moving average is $221.38 and its 200 day simple moving average is $203.42. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 12 month low of $130.08 and a 12 month high of $232.23. The firm has a market capitalization of $283.10 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, analysts anticipate that SAP will post 4.78 EPS for the current year.

Institutional Trading of SAP

Institutional investors and hedge funds have recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of SAP in the first quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of SAP in the 1st quarter valued at about $25,000. POM Investment Strategies LLC boosted its holdings in SAP by 892.3% during the 2nd 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 during the period. Finally, Crewe Advisors LLC grew its position in SAP by 1,270.0% during the 2nd 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.

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.