SAP SE (NYSE:SAP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SAP SE (NYSE:SAP) have received a consensus rating of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $248.83.

SAP has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th.

SAP Stock Performance

NYSE:SAP opened at $290.49 on Monday. The business has a 50 day moving average of $262.25 and a 200 day moving average of $238.52. The company has a market capitalization of $356.86 billion, a price-to-earnings ratio of 101.21, a PEG ratio of 4.63 and a beta of 1.23. SAP has a 1-year low of $174.88 and a 1-year high of $293.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts predict that SAP will post 6.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. Centricity Wealth Management LLC purchased a new stake in SAP in the fourth quarter worth $25,000. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the third quarter worth $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the fourth quarter worth $27,000. Rakuten Securities Inc. grew its stake in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after acquiring an additional 108 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 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.