SAP (NYSE:SAP) Hits New 52-Week High – Here’s Why

SAP SE (NYSE:SAP) reached a new 52-week high on Tuesday . The stock traded as high as $266.63 and last traded at $266.62, with a volume of 6295 shares traded. The stock had previously closed at $262.83.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JMP Securities increased their target price on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays increased their target price on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of “Buy” and an average target price of $263.17.

SAP Trading Up 1.3 %

The business has a fifty day moving average price of $246.91 and a 200 day moving average price of $229.16. The company has a market capitalization of $335.27 billion, a PE ratio of 109.16, a P/E/G ratio of 3.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business posted $1.20 EPS. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that SAP SE will post 4.66 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of large investors have recently modified their holdings of SAP. Godsey & Gibb Inc. acquired a new stake in shares of SAP in the third quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the fourth quarter valued at about $27,000. Albion Financial Group UT grew its stake in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of SAP in the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP in the third quarter valued at about $47,000.

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.