SAP SE (NYSE:SAP) Receives $284.33 Average Target Price from Analysts

SAP SE (NYSE:SAP) has earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $284.3333.

SAP has been the topic of a number of recent analyst reports. Cowen restated a “buy” rating on shares of SAP in a research note on Thursday. Erste Group Bank lowered shares of SAP from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. JMP Securities restated a “market outperform” rating and issued a $375.00 target price on shares of SAP in a research note on Thursday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Barclays upped their target price on shares of SAP from $322.00 to $348.00 and gave the company an “overweight” rating in a research note on Friday.

SAP Stock Performance

NYSE:SAP opened at $271.82 on Friday. The stock has a market cap of $333.93 billion, a P/E ratio of 40.69, a PEG ratio of 3.97 and a beta of 1.28. The firm has a 50-day moving average of $269.33 and a two-hundred day moving average of $283.75. 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 analysts’ consensus estimates of $1.69 by $0.17. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. SAP had a net margin of 19.50% and a return on equity of 15.87%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.23 EPS. On average, research analysts expect that SAP will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Several institutional investors and hedge funds have recently bought and sold shares of SAP. Fisher Asset Management LLC raised its stake in SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after acquiring an additional 1,163,616 shares during the period. Bank of America Corp DE raised its stake in SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the period. Twin Tree Management LP raised its stake in SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker’s stock worth $13,860,000 after acquiring an additional 280,896 shares during the period. Trivest Advisors Ltd acquired a new stake in SAP during the second quarter worth about $52,305,000. Finally, Jennison Associates LLC raised its stake in SAP by 195.0% during the second quarter. Jennison Associates LLC now owns 221,349 shares of the software maker’s stock worth $67,312,000 after acquiring an additional 146,325 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.