SAP SE (NYSE:SAP) Receives $252.33 Average PT from Analysts

SAP SE (NYSE:SAP) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $252.33.

A number of analysts have recently issued reports on SAP shares. JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets lifted their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upped their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On SAP

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the last quarter. International Assets Investment Management LLC bought a new position in SAP during the 3rd quarter worth approximately $40,573,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of SAP in the 2nd quarter valued at approximately $21,479,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of SAP during the 2nd quarter valued at approximately $20,532,000.

SAP Stock Down 0.5 %

Shares of SAP stock opened at $251.33 on Wednesday. SAP has a twelve month low of $148.38 and a twelve month high of $256.13. The stock has a market cap of $308.76 billion, a price-to-earnings ratio of 100.53, a price-to-earnings-growth ratio of 4.88 and a beta of 1.23. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $234.18 and a 200 day moving average price of $216.29.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts forecast that SAP will post 4.89 earnings per share for the current fiscal 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.