SAP (NYSE:SAP) Sets New 1-Year High After Analyst Upgrade

SAP SE (NYSE:SAP) shares reached a new 52-week high during mid-day trading on Wednesday after BMO Capital Markets raised their price target on the stock from $265.00 to $307.00. BMO Capital Markets currently has an outperform rating on the stock. SAP traded as high as $278.53 and last traded at $278.23, with a volume of 9783 shares changing hands. The stock had previously closed at $273.79.

Several other equities research analysts have also recently weighed in on the company. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities boosted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, Barclays boosted their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP presently has a consensus rating of “Buy” and a consensus target price of $290.40.

Institutional Trading of SAP

Hedge funds have recently modified their holdings of the stock. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT boosted its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in SAP during the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP during the third quarter worth approximately $47,000.

SAP Stock Up 1.1 %

The company has a market cap of $340.13 billion, a PE ratio of 110.75, a P/E/G ratio of 3.89 and a beta of 1.22. The business has a 50-day simple moving average of $251.29 and a 200-day simple moving average of $231.70. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. Equities research analysts anticipate that SAP SE will post 4.64 EPS for the current 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.