Analysts Set SAP SE (NYSE:SAP) PT at $252.33

SAP SE (NYSE:SAP) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $252.33.

Several equities analysts have weighed in on the stock. Barclays lifted their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen upped their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, JMP Securities boosted their price target on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd.

SAP Trading Down 0.7 %

Shares of SAP stock opened at $235.86 on Friday. SAP has a 1-year low of $143.71 and a 1-year high of $243.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average price is $227.28 and its 200 day moving average price is $208.95. The firm has a market capitalization of $289.75 billion, a PE ratio of 95.02, a P/E/G ratio of 4.55 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that SAP will post 4.9 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

Institutional investors have recently bought and sold shares of the business. Cetera Advisors LLC grew its holdings in SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after buying an additional 4,596 shares during the last quarter. Creative Planning grew its position in shares of SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after buying an additional 14,546 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in SAP in the third quarter valued at $3,780,000. Finally, Dash Acquisitions Inc. boosted its stake in SAP by 2.8% during the 3rd quarter. Dash Acquisitions Inc. now owns 80,100 shares of the software maker’s stock valued at $19,039,000 after acquiring an additional 2,175 shares during the last quarter.

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.