SAP SE (NYSE:SAP) Receives $232.00 Consensus Target Price from Brokerages

SAP SE (NYSE:SAP) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $232.00.

A number of brokerages recently weighed in on SAP. Barclays raised their price objective on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein began coverage on shares of SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 target price on the stock. 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. Finally, BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

Institutional Trading of SAP

Several large investors have recently modified their holdings of the business. Capital International Investors grew its position in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in SAP by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after acquiring an additional 26,031 shares during the period. Raymond James & Associates boosted its holdings in SAP by 3.7% in the second quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after acquiring an additional 22,438 shares in the last quarter. Principal Financial Group Inc. increased its position in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after purchasing an additional 108,729 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in SAP by 8.3% in the 4th quarter. Natixis Advisors L.P. now owns 404,730 shares of the software maker’s stock worth $62,566,000 after purchasing an additional 31,135 shares in the last quarter.

SAP Trading Up 0.4 %

Shares of SAP opened at $219.59 on Monday. SAP has a 1-year low of $126.75 and a 1-year high of $221.24. The company has a market capitalization of $259.02 billion, a P/E ratio of 47.66, a P/E/G ratio of 4.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50 day simple moving average is $206.68 and its 200 day simple moving average is $194.44.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Sell-side analysts forecast that SAP will post 4.75 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.