SAP SE (NYSE:SAP) Receives $252.33 Average Target Price from Brokerages

SAP SE (NYSE:SAP) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $252.33.

SAP has been the subject of a number of research reports. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd.

SAP Trading Down 0.7 %

NYSE SAP opened at $241.40 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $242.07 and its two-hundred day simple moving average is $224.03. SAP has a twelve month low of $148.38 and a twelve month high of $256.13. The company has a market capitalization of $296.56 billion, a price-to-earnings ratio of 96.56, a PEG ratio of 4.94 and a beta of 1.23.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. Research analysts forecast that SAP will post 4.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Holocene Advisors LP purchased a new position in shares of SAP during the third quarter valued at approximately $10,869,000. JPMorgan Chase & Co. boosted its holdings in SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Benjamin Edwards Inc. increased its position in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 8,380 shares during the period. Creative Planning raised its holdings in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 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.