Analysts Set SAP SE (NYSE:SAP) Target Price at $263.17

SAP SE (NYSE:SAP) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $264.50.

Several brokerages have weighed in on SAP. Barclays raised their price objective on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities lifted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th.

Institutional Trading of SAP

Several hedge funds have recently bought and sold shares of SAP. FMR LLC raised 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 buying an additional 1,866,468 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of SAP during the 4th quarter worth about $47,195,000. International Assets Investment Management LLC bought a new stake in shares of SAP during the 3rd quarter worth about $40,573,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after buying an additional 142,270 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of SAP during the 2nd quarter worth about $21,479,000.

SAP Price Performance

SAP opened at $276.41 on Thursday. The company has a fifty day simple moving average of $249.60 and a 200 day simple moving average of $230.29. The firm has a market cap of $339.56 billion, a price-to-earnings ratio of 110.56, a PEG ratio of 3.89 and a beta of 1.22. SAP has a twelve month low of $172.32 and a twelve month high of $277.36. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

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.