Barclays Boosts SAP (NYSE:SAP) Price Target to $286.00

SAP (NYSE:SAP) had its target price increased by investment analysts at Barclays from $283.00 to $286.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective points to a potential upside of 3.47% from the company’s current price.

Several other research firms have also recently weighed in on SAP. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities boosted their target price on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Price Performance

NYSE:SAP opened at $276.42 on Thursday. The business’s 50-day simple moving average is $253.00 and its two-hundred day simple moving average is $232.35. SAP has a 52 week low of $173.05 and a 52 week high of $280.53. The stock has a market cap of $339.58 billion, a PE ratio of 96.31, a P/E/G ratio of 3.93 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.42%. As a group, analysts forecast that SAP will post 6.35 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

Several institutional investors have recently modified their holdings of SAP. FMR LLC raised its holdings in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the period. WCM Investment Management LLC bought a new position in SAP during the fourth quarter valued at $290,023,000. Principal Financial Group Inc. raised its stake in shares of SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after acquiring an additional 4,775 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of SAP by 12.5% during the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock worth $48,295,000 after purchasing an additional 23,352 shares during the period.

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.