SAP SE (NYSE:SAP) Receives $263.17 Average PT from Analysts

Shares of SAP SE (NYSE:SAP) have been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $290.40.

A number of research analysts recently weighed in on SAP shares. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday. Barclays increased their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th.

Institutional Trading of SAP

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC bought a new position in SAP in the 4th quarter valued at about $290,023,000. Jennison Associates LLC acquired a new position in shares of SAP in the 4th quarter valued at approximately $47,195,000. International Assets Investment Management LLC bought a new stake in shares of SAP during the 3rd quarter worth approximately $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after acquiring an additional 142,270 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock opened at $276.87 on Thursday. The stock’s fifty day simple moving average is $251.29 and its 200 day simple moving average is $231.70. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $340.13 billion, a PE ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. SAP has a 12 month low of $173.05 and a 12 month high of $279.14.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. On average, research analysts predict that SAP will post 4.64 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.