SAP (NYSE:SAP) Price Target Raised to $348.00

SAP (NYSE:SAP) had its target price increased by Barclays from $322.00 to $348.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other analysts have also issued reports on SAP. BMO Capital Markets lowered their target price on SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday. Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SAP in a report on Wednesday, October 8th. Erste Group Bank lowered SAP from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of SAP in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $284.33.

SAP Stock Performance

Shares of SAP opened at $269.11 on Friday. The firm has a market cap of $330.61 billion, a PE ratio of 40.29, a PEG ratio of 3.97 and a beta of 1.28. The stock’s fifty day moving average price is $269.42 and its two-hundred day moving average price is $283.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. SAP has a 1 year low of $227.52 and a 1 year high of $313.28.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.17. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a return on equity of 15.87% and a net margin of 19.50%.The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. On average, equities research analysts forecast that SAP will post 6.55 EPS for the current year.

Institutional Trading of SAP

Institutional investors and hedge funds have recently modified their holdings of the business. First PREMIER Bank purchased a new stake in shares of SAP in the 3rd quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC raised its holdings in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. Retirement Wealth Solutions LLC raised its holdings in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of SAP in the 2nd quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock valued at $29,000 after acquiring an additional 66 shares in the last quarter.

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.