SAP SE (NYSE:SAP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SAP SE (NYSE:SAP) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $263.17.

SAP has been the subject of a number of recent research reports. BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities raised their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays raised their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares during the period. Confluence Investment Management LLC boosted its position in SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares in the last quarter. PDS Planning Inc boosted its position in SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of SAP by 5.0% in the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock valued at $252,000 after acquiring an additional 52 shares in the last quarter. Finally, Veracity Capital LLC lifted its position in shares of SAP by 4.9% in the fourth quarter. Veracity Capital LLC now owns 1,132 shares of the software maker’s stock valued at $279,000 after acquiring an additional 53 shares in the last quarter.

SAP Stock Up 1.3 %

SAP stock opened at $272.91 on Thursday. The stock has a market capitalization of $335.27 billion, a PE ratio of 109.16, a price-to-earnings-growth ratio of 3.72 and a beta of 1.22. SAP has a 12 month low of $161.07 and a 12 month high of $275.10. The business has a 50 day simple moving average of $246.91 and a 200-day simple moving average of $229.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that SAP will post 4.66 EPS for the current fiscal 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.