SAP SE (NYSE:SAP) Receives $232.00 Average Target Price from Brokerages

SAP SE (NYSE:SAP) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $232.00.

Several research firms recently commented on SAP. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays upped their price target on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Sanford C. Bernstein initiated coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target for the company. JMP Securities increased their price target on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. Finally, TD Cowen increased their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd.

SAP Trading Up 0.4 %

Shares of SAP opened at $219.59 on Monday. SAP has a 1-year low of $126.75 and a 1-year high of $221.24. The firm has a market capitalization of $259.02 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 4.27 and a beta of 1.25. The firm’s 50-day moving average price is $206.68 and its 200-day moving average price is $194.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. Sell-side analysts anticipate that SAP will post 4.75 EPS for the current year.

Institutional Investors Weigh In On SAP

A number of large investors have recently added to or reduced their stakes in SAP. Capital International Investors boosted its stake in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after purchasing an additional 26,031 shares during the last quarter. Raymond James & Associates grew its stake in shares of SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after purchasing an additional 22,438 shares during the period. Principal Financial Group Inc. increased its position in shares of SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in shares of SAP by 8.3% in the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after purchasing an additional 31,135 shares during the period.

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.