BMO Capital Markets Forecasts Strong Price Appreciation for SAP (NYSE:SAP) Stock

SAP (NYSE:SAP) had its price objective upped by investment analysts at BMO Capital Markets from $265.00 to $307.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.85% from the stock’s current price.

Other research analysts have also issued reports about the company. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their price objective on shares of SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

SAP stock opened at $279.47 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $343.33 billion, a PE ratio of 111.79, a P/E/G ratio of 3.89 and a beta of 1.22. The company has a 50 day moving average price of $252.13 and a 200-day moving average price of $232.02. SAP has a fifty-two week low of $173.05 and a fifty-two week high of $280.53.

SAP (NYSE:SAP) last released 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 8.15% and a return on equity of 11.44%. As a group, equities analysts forecast that SAP will post 4.64 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Holocene Advisors LP acquired a new stake in SAP during the 3rd quarter worth $10,869,000. Atomi Financial Group Inc. lifted its holdings 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 purchasing an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC grew its position in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. raised its position in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock worth $2,048,000 after buying an additional 8,380 shares during 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.