BMO Capital Markets Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price objective boosted by BMO Capital Markets from $265.00 to $307.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on the stock. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays increased their price objective on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $290.40.

SAP Trading Up 1.1 %

SAP opened at $276.87 on Wednesday. The business has a fifty day moving average price of $251.29 and a 200 day moving average price of $231.70. 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 has a 12 month low of $173.05 and a 12 month high of $279.14. The stock has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Sell-side analysts expect that SAP will post 4.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Hedge funds have recently modified their holdings of the business. Godsey & Gibb Inc. purchased a new position in SAP during the 3rd quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the fourth quarter worth about $27,000. Albion Financial Group UT increased its position in SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group purchased a new stake in SAP during the 3rd quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. lifted its position in SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after acquiring an additional 103 shares during the period.

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.