SAP (NYSE:SAP) Price Target Raised to $307.00

SAP (NYSE:SAP) had its price objective hoisted by equities research analysts at BMO Capital Markets from $265.00 to $307.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price target would indicate a potential upside of 10.47% from the company’s current price.

A number of other research firms have also issued reports on SAP. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays boosted their target price on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $290.40.

SAP Trading Up 1.5 %

NYSE:SAP traded up $4.12 on Wednesday, reaching $277.91. The company’s stock had a trading volume of 885,492 shares, compared to its average volume of 1,060,305. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market cap of $341.41 billion, a price-to-earnings ratio of 111.11, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The stock has a 50 day moving average price of $251.29 and a 200 day moving average price of $231.70. SAP has a 12-month low of $173.05 and a 12-month high of $279.14.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. On average, equities analysts anticipate that SAP will post 4.64 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new stake in SAP during the 3rd quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT lifted its position in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in SAP during the 3rd quarter worth about $47,000.

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.