SAP (NYSE:SAP) Price Target Lowered to $300.00 at BMO Capital Markets

SAP (NYSE:SAP) had its price target decreased by analysts at BMO Capital Markets from $307.00 to $300.00 in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target would indicate a potential upside of 14.44% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their target price for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $247.67.

SAP Price Performance

Shares of NYSE:SAP opened at $262.15 on Wednesday. The company has a 50 day moving average of $271.97 and a 200 day moving average of $254.66. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP has a 12 month low of $175.08 and a 12 month high of $293.70. The stock has a market cap of $322.05 billion, a P/E ratio of 91.34, a P/E/G ratio of 4.71 and a beta of 1.28.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, sell-side analysts forecast that SAP will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Centricity Wealth Management LLC bought a new stake in shares of SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the 4th quarter valued at $27,000. Rakuten Securities Inc. grew its position in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock valued at $28,000 after acquiring an additional 108 shares during the last quarter. Albion Financial Group UT grew 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 last quarter. Finally, Founders Capital Management increased its stake in SAP by 133.9% in the first quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after purchasing an additional 75 shares during the period.

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.