SAP (NYSE:SAP) Upgraded at TD Cowen

TD Cowen upgraded shares of SAP (NYSE:SAP) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat.com reports. They currently have $305.00 target price on the software maker’s stock, up from their prior target price of $240.00.

SAP has been the subject of several other reports. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $263.17.

SAP Price Performance

NYSE:SAP opened at $262.74 on Friday. SAP has a 52-week low of $158.94 and a 52-week high of $264.71. The stock has a fifty day moving average of $245.68 and a 200 day moving average of $228.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $322.77 billion, a price-to-earnings ratio of 105.09, a P/E/G ratio of 3.56 and a beta of 1.22.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the firm posted $1.20 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that SAP will post 4.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Godsey & Gibb Inc. purchased a new position in shares of SAP during the third quarter valued at approximately $25,000. Albion Financial Group UT lifted its stake in SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group bought a new stake in SAP in the third quarter valued at $42,000. Prospera Private Wealth LLC purchased a new position in SAP during the 3rd quarter valued at $47,000. Finally, Financial Management Professionals Inc. raised its holdings in SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares in the last quarter.

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.