SAP (NYSE:SAP) Upgraded by BMO Capital Markets to “Outperform”

SAP (NYSE:SAP) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $237.00 target price on the software maker’s stock, up from their prior target price of $218.00. BMO Capital Markets’ target price indicates a potential upside of 17.50% from the stock’s current price.

SAP has been the topic of a number of other research reports. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Sanford C. Bernstein initiated coverage on SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. KeyCorp initiated coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. JMP Securities upped their target price on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 23rd. Finally, Barclays decreased their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.20.

SAP Trading Up 0.5 %

SAP opened at $201.71 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50 day simple moving average is $189.81 and its 200 day simple moving average is $180.47. SAP has a 1-year low of $126.75 and a 1-year high of $204.33.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The firm had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. On average, sell-side analysts anticipate that SAP will post 4.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAP. Apollon Wealth Management LLC bought a new stake in SAP in the 4th quarter valued at about $492,000. Blue Trust Inc. lifted its position in SAP by 5.8% in the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares during the last quarter. Phillips Wealth Planners LLC bought a new stake in SAP in the 4th quarter valued at about $221,000. Eagle Global Advisors LLC lifted its position in SAP by 7.1% in the 4th quarter. Eagle Global Advisors LLC now owns 16,272 shares of the software maker’s stock valued at $2,515,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in SAP by 68.5% in the 4th quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock valued at $239,000 after purchasing an additional 629 shares during 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.