SAP (NYSE:SAP) Announces Earnings Results

SAP (NYSE:SAP) announced its earnings results on Tuesday. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02), Zacks reports. SAP had a net margin of 8.15% and a return on equity of 11.44%.

SAP Price Performance

NYSE:SAP opened at $275.31 on Tuesday. SAP has a 12-month low of $173.05 and a 12-month high of $277.36. The firm has a market cap of $338.22 billion, a price-to-earnings ratio of 110.13, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company’s 50-day moving average is $249.60 and its two-hundred day moving average is $230.70. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several analysts have recently commented on SAP shares. BMO Capital Markets raised their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays upped their price target on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JMP Securities raised their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has a consensus rating of “Buy” and an average price target of $276.00.

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.