SAP SE (NYSE:SAP) Given Average Recommendation of “Moderate Buy” by Brokerages

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in SAP during the third quarter valued at $25,000. Brooklyn Investment Group bought a new stake in shares of SAP during the 3rd quarter valued at about $42,000. Prospera Private Wealth LLC bought a new stake in shares of SAP during the 3rd quarter valued at about $47,000. Versant Capital Management Inc bought a new position in shares of SAP in the fourth quarter worth approximately $54,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SAP in the third quarter valued at approximately $59,000.

SAP Stock Down 0.7 %

SAP stock opened at $241.40 on Friday. The firm has a 50 day moving average price of $242.07 and a 200-day moving average price of $224.03. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. 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 P/E ratio of 96.56, a P/E/G 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 the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the company posted $1.20 earnings per share. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that SAP will post 4.8 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.