Barclays Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price target upped by Barclays from $275.00 to $283.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective suggests a potential upside of 3.70% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. JMP Securities upped their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has a consensus rating of “Buy” and a consensus target price of $264.50.

SAP Price Performance

Shares of NYSE SAP opened at $272.91 on Thursday. The business’s 50 day moving average price is $247.76 and its 200 day moving average price is $229.46. The firm has a market cap of $335.27 billion, a P/E ratio of 109.16, a P/E/G ratio of 3.82 and a beta of 1.22. SAP has a 52 week low of $161.07 and a 52 week high of $275.10. 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 Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. On average, sell-side analysts expect that SAP will post 4.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of 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 in the last quarter. Principal Financial Group Inc. lifted its position in shares of SAP by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock valued at $140,111,000 after buying an additional 4,775 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares in the last quarter. Stifel Financial Corp lifted its position 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 valued at $48,295,000 after buying an additional 23,352 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock valued at $39,934,000 after buying an additional 15,604 shares in the last quarter.

SAP Company Profile

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.