SAP SE (NYSE:SAP) Receives Average Rating of “Buy” from Analysts

Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $248.83.

Several research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities lifted their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently modified their holdings of SAP. FMR LLC lifted its holdings in shares of SAP by 22.3% in 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 purchased a new position in shares of SAP in the 4th quarter valued at about $290,023,000. TD Asset Management Inc. increased its stake in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker’s stock valued at $362,371,000 after purchasing an additional 701,880 shares in the last quarter.

SAP Trading Up 0.1 %

Shares of NYSE:SAP opened at $271.74 on Friday. SAP has a 12-month low of $175.08 and a 12-month high of $293.70. The business’s fifty day simple moving average is $275.21 and its 200-day simple moving average is $249.08. The company has a market capitalization of $333.84 billion, a PE ratio of 94.68, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, equities research analysts predict that SAP will post 6.55 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.