SAP SE (NYSE:SAP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of SAP SE (NYSE:SAP) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $232.17.

SAP has been the subject of several research analyst reports. JMP Securities raised their price objective on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. BMO Capital Markets cut SAP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Barclays upped their price target on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen upped their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd.

Institutional Investors Weigh In On SAP

Several institutional investors and hedge funds have recently made changes to their positions in SAP. Northwest Investment Counselors LLC bought a new position in shares of SAP during the first quarter valued at $25,000. LRI Investments LLC bought a new position in shares of SAP during the 1st quarter valued at $25,000. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter worth $25,000. POM Investment Strategies LLC grew its holdings in shares of SAP by 892.3% in 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 period. Finally, Crewe Advisors LLC increased 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 valued at $28,000 after acquiring an additional 127 shares during the last quarter.

SAP Stock Up 0.7 %

NYSE SAP opened at $230.44 on Tuesday. SAP has a 1 year low of $130.08 and a 1 year high of $232.23. The stock has a market capitalization of $283.10 billion, a PE ratio of 49.99, a PEG ratio of 4.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $221.38 and its 200 day moving average is $203.42.

SAP (NYSE:SAP) last announced 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 during the quarter, compared to analyst estimates of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. Sell-side analysts forecast that SAP will post 4.78 earnings per share for the current year.

About SAP

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.