SAP (NYSE:SAP) Price Target Increased to $218.00 by Analysts at BMO Capital Markets

SAP (NYSE:SAP) had its price objective hoisted by equities researchers at BMO Capital Markets from $215.00 to $218.00 in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price target indicates a potential upside of 17.09% from the stock’s current price.

A number of other brokerages also recently weighed in on SAP. Barclays decreased their target price on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday. The Goldman Sachs Group increased their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. JMP Securities increased their price target on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $206.20.

SAP Trading Up 0.6 %

Shares of NYSE SAP opened at $186.18 on Friday. SAP has a fifty-two week low of $126.75 and a fifty-two week high of $199.29. The company has a 50 day simple moving average of $187.96 and a two-hundred day simple moving average of $166.06. The company has a quick ratio of 1.40, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On SAP

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new stake in SAP in the first quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new stake in SAP in the first quarter worth approximately $29,000. Adirondack Trust Co. boosted its holdings in SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in SAP in the fourth quarter worth approximately $31,000. Finally, Larson Financial Group LLC purchased a new position in shares of SAP during the 4th quarter worth $33,000.

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.