SAP (NYSE:SAP) PT Raised to $240.00 at TD Cowen

SAP (NYSE:SAP) had its price objective raised by investment analysts at TD Cowen from $234.00 to $240.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. TD Cowen’s target price would indicate a potential upside of 2.30% from the company’s previous close.

Several other research firms have also recently weighed in on SAP. JMP Securities increased their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Barclays lifted their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, SAP has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Trading Up 1.0 %

SAP opened at $234.60 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. SAP has a fifty-two week low of $130.63 and a fifty-two week high of $237.72. The company’s 50 day moving average price is $222.71 and its two-hundred day moving average price is $204.27. The firm has a market capitalization of $288.21 billion, a price-to-earnings ratio of 50.89, a PEG ratio of 4.37 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts predict that SAP will post 4.84 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in SAP during the 1st quarter valued at $25,000. Sunbelt Securities Inc. bought a new stake in shares of SAP during the first quarter worth about $29,000. Janiczek Wealth Management LLC raised its holdings in shares of SAP by 3.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,311 shares of the software maker’s stock worth $1,036,000 after acquiring an additional 176 shares during the last quarter. Cardinal Capital Management lifted its position in SAP by 5.3% in the 1st quarter. Cardinal Capital Management now owns 27,419 shares of the software maker’s stock valued at $5,348,000 after acquiring an additional 1,379 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in SAP during the 1st quarter valued at about $202,000.

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.