SAP (NYSE:SAP) Reaches New 1-Year High on Analyst Upgrade

SAP SE (NYSE:SAP) reached a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from $265.00 to $307.00. BMO Capital Markets currently has an outperform rating on the stock. SAP traded as high as $278.53 and last traded at $278.23, with a volume of 9783 shares changing hands. The stock had previously closed at $273.79.

SAP has been the topic of a number of other research reports. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Barclays lifted 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. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $290.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. purchased a new stake in SAP during the third quarter worth approximately $25,000. Union Bancaire Privee UBP SA bought a new position in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT increased its holdings 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 worth $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group acquired a new position in SAP during the 3rd quarter worth $42,000. Finally, Financial Management Professionals Inc. boosted its holdings in shares of SAP by 104.0% in the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares in the last quarter.

SAP Trading Up 1.2 %

The stock has a market capitalization of $340.52 billion, a price-to-earnings ratio of 110.94, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average of $251.29 and a 200-day moving average of $231.70.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. On average, equities analysts anticipate that SAP SE will post 4.64 earnings per share for the current fiscal year.

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.