Barclays Trims SAP (NYSE:SAP) Target Price to $210.00

SAP (NYSE:SAP) had its price objective lowered by stock analysts at Barclays from $212.00 to $210.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s price target would indicate a potential upside of 13.46% from the stock’s current price.

Several other analysts have also recently issued reports on SAP. KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They set an “overweight” rating on the stock. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets increased their target price on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, JMP Securities raised their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.60.

SAP Stock Down 1.6 %

SAP opened at $185.08 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day moving average is $187.77 and its two-hundred day moving average is $165.42. SAP has a 52 week low of $126.75 and a 52 week high of $199.29.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. As a group, analysts predict that SAP will post 4.74 earnings per share for the current fiscal year.

Institutional Trading of SAP

A number of institutional investors have recently made changes to their positions in SAP. Northwest Investment Counselors LLC purchased a new stake in SAP during the 1st quarter valued at about $25,000. Column Capital Advisors LLC grew its stake in SAP by 121.0% during the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock valued at $29,000 after purchasing an additional 121 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in SAP during the 1st quarter valued at about $29,000. Wetzel Investment Advisors Inc. purchased a new stake in SAP during the 4th quarter valued at about $31,000. Finally, Adirondack Trust Co. grew its stake in SAP by 121.1% during the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock valued at $31,000 after purchasing an additional 109 shares during 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.