SAP SE (NYSE:SAP) Receives $232.17 Consensus Target Price from Analysts

Shares of SAP SE (NYSE:SAP) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $232.17.

Several research firms have recently issued reports on SAP. TD Cowen upped their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets cut shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays raised their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th.

Institutional Investors Weigh In On SAP

Several hedge funds have recently made changes to their positions in the business. Raymond James & Associates lifted its position in SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after acquiring an additional 22,438 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of SAP by 21.2% during the first quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after purchasing an additional 108,729 shares during the period. Westfield Capital Management Co. LP purchased a new position in SAP in the 1st quarter valued at $58,936,000. NewEdge Advisors LLC increased its stake in SAP by 8.6% in the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after buying an additional 15,604 shares during the period. Finally, Sei Investments Co. raised its position in SAP by 4.2% during the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after buying an additional 6,785 shares during the last quarter.

SAP Stock Performance

NYSE:SAP opened at $228.90 on Tuesday. SAP has a 52 week low of $127.30 and a 52 week high of $232.23. The company has a fifty day simple moving average of $220.94 and a two-hundred day simple moving average of $203.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $281.20 billion, a price-to-earnings ratio of 98.66, a price-to-earnings-growth ratio of 4.46 and a beta of 1.25.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that SAP will post 4.78 earnings per share for the current fiscal year.

SAP Company Profile

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.