Brokerages Set SAP SE (NYSE:SAP) PT at $252.33

Shares of SAP SE (NYSE:SAP) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $252.33.

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

SAP Stock Performance

Shares of NYSE:SAP opened at $254.14 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 12 month low of $148.38 and a 12 month high of $256.13. The company has a market capitalization of $312.21 billion, a price-to-earnings ratio of 101.66, a PEG ratio of 4.68 and a beta of 1.23. The firm’s 50-day moving average is $233.19 and its 200 day moving average is $215.18.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that SAP will post 4.89 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter valued at about $25,000. POM Investment Strategies LLC raised its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its position in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in SAP in the second quarter valued at approximately $40,000. Finally, Brooklyn Investment Group purchased a new position in SAP in the third quarter worth $42,000.

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.