SAP SE (NYSE:SAP) Receives $232.17 Average PT from Analysts

SAP SE (NYSE:SAP) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $232.17.

Several analysts have issued reports on the company. BMO Capital Markets cut SAP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities boosted their price target on shares of SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. TD Cowen upped their price objective on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, Barclays raised their target price on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th.

SAP Price Performance

NYSE:SAP opened at $229.48 on Tuesday. 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 has a 12 month low of $130.08 and a 12 month high of $232.23. The firm has a market cap of $281.92 billion, a P/E ratio of 98.91, a price-to-earnings-growth ratio of 4.37 and a beta of 1.25. The stock has a 50 day moving average of $221.85 and a two-hundred day moving average of $203.77.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the prior year, the company earned $0.71 EPS. SAP’s revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that SAP will post 4.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of SAP during the first quarter worth about $25,000. LRI Investments LLC acquired a new stake in shares of SAP in the 1st quarter valued at approximately $25,000. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the 3rd quarter worth $25,000. POM Investment Strategies LLC boosted its holdings in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after buying an additional 116 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares in the last quarter.

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.