SAP’s (SAP) “Outperform” Rating Reaffirmed at Royal Bank of Canada

SAP (NYSE:SAP)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $38.00 target price on the software maker’s stock. Royal Bank of Canada’s target price indicates a potential downside of 86.40% from the company’s previous close.

SAP has been the subject of a number of other reports. JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Barclays increased their target price on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $248.83.

SAP Trading Up 0.9 %

Shares of NYSE SAP traded up $2.49 during mid-day trading on Thursday, hitting $279.32. 525,144 shares of the company traded hands, compared to its average volume of 1,075,070. The business has a 50 day moving average of $252.13 and a two-hundred day moving average of $232.02. The stock has a market capitalization of $343.14 billion, a price-to-earnings ratio of 111.73, a PEG ratio of 3.89 and a beta of 1.22. SAP has a 1 year low of $173.05 and a 1 year high of $280.53. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

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

Institutional Trading of SAP

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in SAP by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after acquiring an additional 1,158 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of SAP by 55.6% during the second quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock worth $892,000 after purchasing an additional 1,580 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in SAP by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock valued at $2,192,000 after buying an additional 287 shares during the period. EP Wealth Advisors LLC boosted its holdings in SAP by 21.8% during the second quarter. EP Wealth Advisors LLC now owns 1,694 shares of the software maker’s stock worth $342,000 after buying an additional 303 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of SAP during the 2nd quarter worth about $9,361,000.

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.