Analysts Set SAP SE (NYSE:SAP) Price Target at $284.33

SAP SE (NYSE:SAP) has earned an average rating of “Buy” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $284.3333.

Several equities research analysts recently weighed in on SAP shares. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Cowen restated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Citigroup reiterated a “buy” rating on shares of SAP in a research note on Thursday, December 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research note on Friday, October 31st. Finally, BMO Capital Markets cut their price objective on shares of SAP from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division purchased a new position in shares of SAP in the 2nd quarter worth $920,000. Modern Wealth Management LLC raised its position in shares of SAP by 292.2% during the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker’s stock valued at $1,252,000 after buying an additional 3,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SAP by 59.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,046 shares of the software maker’s stock valued at $10,353,000 after acquiring an additional 12,637 shares during the last quarter. Ascent Group LLC grew its position in SAP by 196.3% in the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker’s stock worth $1,121,000 after acquiring an additional 2,766 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker’s stock worth $354,048,000 after acquiring an additional 80,164 shares during the last quarter.

SAP Price Performance

SAP stock opened at $243.52 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. SAP has a 1 year low of $233.51 and a 1 year high of $313.28. The firm has a 50-day moving average of $254.81 and a 200 day moving average of $274.33. The company has a market cap of $299.17 billion, a P/E ratio of 36.46, a PEG ratio of 3.51 and a beta of 1.19.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.23 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that SAP will post 6.55 EPS for the current year.

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.