SAP SE (NYSE:SAP) Given Average Rating of “Buy” by Brokerages

SAP SE (NYSE:SAP) has earned an average recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $248.83.

A number of analysts recently issued reports on SAP shares. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets upped their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their target price on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th.

Institutional Trading of SAP

A number of large investors have recently modified their holdings of SAP. Holocene Advisors LP acquired a new position in SAP during the 3rd quarter worth $10,869,000. Atomi Financial Group Inc. grew its position in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock worth $3,074,000 after buying an additional 3,495 shares in the last quarter. Mount Yale Investment Advisors LLC increased its stake in shares of SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock worth $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. increased its stake in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after buying an additional 7,667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock valued at $101,969,000 after acquiring an additional 249,824 shares in the last quarter.

SAP Stock Performance

NYSE:SAP opened at $254.84 on Friday. The company’s 50-day moving average is $273.17 and its two-hundred day moving average is $247.29. SAP has a 1-year low of $175.08 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. The firm has a market capitalization of $313.08 billion, a price-to-earnings ratio of 88.80, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last released its quarterly earnings data 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 9.17% and a return on equity of 12.18%. Analysts forecast that SAP will post 6.55 EPS for the current year.

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.