JMP Securities Forecasts Strong Price Appreciation for SAP (NYSE:SAP) Stock

SAP (NYSE:SAP) had its price target increased by equities research analysts at JMP Securities from $300.00 to $330.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the software maker’s stock. JMP Securities’ target price points to a potential upside of 18.08% from the company’s previous close.

Several other research analysts have also commented on SAP. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their target price on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen raised SAP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, BMO Capital Markets increased their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

SAP opened at $279.47 on Wednesday. The stock has a fifty day moving average price of $252.13 and a 200 day moving average price of $232.02. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 1 year low of $173.05 and a 1 year high of $280.53. The stock has a market cap of $343.33 billion, a price-to-earnings ratio of 111.79, a PEG ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) 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%. Analysts forecast that SAP will post 4.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAP. Godsey & Gibb Inc. acquired a new position in shares of SAP in the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT grew its stake in shares of SAP by 122.4% in the 4th 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 during the period. Brooklyn Investment Group acquired a new position in shares of SAP in the 3rd quarter worth approximately $42,000. Finally, Financial Management Professionals Inc. lifted its position in shares of SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after buying an additional 103 shares during the period.

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.