SAP SE (NYSE:SAP) Stock Has Consensus Target Price of $264.57

SAP SE (NYSE:SAP) has received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $264.71.

A number of equities analysts have recently commented on SAP shares. TD Cowen restated a “buy” rating on shares of SAP in a research report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $260.00 target price on shares of SAP in a report on Tuesday, September 22nd. Citigroup reiterated a “buy” rating on shares of SAP in a research note on Tuesday, September 22nd. Argus set a $265.00 target price on shares of SAP in a research note on Thursday, September 10th. Finally, Oppenheimer reissued a “market perform” rating on shares of SAP in a report on Friday, July 24th.

SAP Price Performance

NYSE SAP traded down $0.82 during trading hours on Friday, hitting $224.18. The company had a trading volume of 4,744,414 shares, compared to its average volume of 1,918,453. SAP has a 52 week low of $144.97 and a 52 week high of $281.36. The firm has a 50 day simple moving average of $213.09 and a 200 day simple moving average of $185.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $275.41 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.67 and a beta of 1.13.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). SAP had a net margin of 20.88% and a return on equity of 17.07%. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.30 billion. During the same period in the previous year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that SAP will post 8.07 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. Bank of America Corp DE grew its position in SAP by 15.9% during the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after buying an additional 276,263 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of SAP by 18.5% in the 2nd quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock valued at $187,138,000 after acquiring an additional 189,591 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of SAP during the 1st quarter valued at about $150,701,000. Ruane Cunniff & Goldfarb L.P. boosted its position in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after acquiring an additional 703,982 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of SAP by 48.2% during the first quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock worth $94,257,000 after purchasing an additional 179,040 shares in the last quarter.

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.

The company’s principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions.