Weekly Investment Analysts’ Ratings Updates for SAP (SAP)

Several analysts have recently updated their ratings and price targets for SAP (NYSE: SAP):

• 10/23/2024 – SAP had its price target raised by analysts at Barclays PLC from $252.00 to $275.00. They now have an “overweight” rating on the stock.
• 10/22/2024 – SAP had its price target raised by analysts at BMO Capital Markets from $248.00 to $265.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – SAP had its price target raised by analysts at JMP Securities from $245.00 to $300.00. They now have a “market outperform” rating on the stock.
• 10/22/2024 – SAP had its price target raised by analysts at TD Cowen from $234.00 to $240.00. They now have a “hold” rating on the stock.
• 10/15/2024 – SAP was downgraded by analysts at BMO Capital Markets from a “strong-buy” rating to a “hold” rating.
• 9/30/2024 – SAP had its price target raised by analysts at Barclays PLC from $251.00 to $252.00. They now have an “overweight” rating on the stock.

SAP Stock Performance

NYSE SAP opened at $234.60 on Thursday. The business has a 50 day moving average price of $222.71 and a 200 day moving average price of $204.27. The company has a market capitalization of $288.21 billion, a P/E ratio of 50.89, a PEG ratio of 4.37 and a beta of 1.25. SAP SE has a 1-year low of $130.63 and a 1-year high of $237.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts expect that SAP SE will post 4.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAP. Sunbelt Securities Inc. purchased a new position in shares of SAP during the first quarter valued at approximately $29,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of SAP during the first quarter worth $202,000. Kathmere Capital Management LLC increased its stake in SAP by 10.0% in the first quarter. Kathmere Capital Management LLC now owns 3,027 shares of the software maker’s stock valued at $590,000 after purchasing an additional 274 shares during the last quarter. Vicus Capital purchased a new position in SAP during the first quarter worth about $246,000. Finally, Optas LLC boosted its stake in SAP by 7.5% in the 1st quarter. Optas LLC now owns 2,343 shares of the software maker’s stock worth $457,000 after buying an additional 163 shares during the last quarter.

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.