SAP SE (NYSE:SAP) Receives $252.33 Consensus Target Price from Analysts

Shares of SAP SE (NYSE:SAP) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $252.33.

A number of equities analysts recently weighed in on SAP shares. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen upped their target price on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

Hedge Funds Weigh In On SAP

A number of hedge funds have recently bought and sold shares of SAP. Allspring Global Investments Holdings LLC raised its position in shares of SAP by 71.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,995 shares of the software maker’s stock valued at $1,008,000 after buying an additional 2,084 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of SAP by 15.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,513 shares of the software maker’s stock worth $1,717,000 after purchasing an additional 1,157 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of SAP in the second quarter worth $236,000. Rothschild Investment LLC acquired a new position in SAP in the second quarter valued at about $95,000. Finally, Concurrent Investment Advisors LLC lifted its position in SAP by 6.1% during the second quarter. Concurrent Investment Advisors LLC now owns 1,171 shares of the software maker’s stock worth $236,000 after purchasing an additional 67 shares during the period.

SAP Stock Performance

Shares of NYSE:SAP opened at $243.12 on Friday. The stock has a market capitalization of $298.67 billion, a price-to-earnings ratio of 97.25, a price-to-earnings-growth ratio of 4.94 and a beta of 1.23. SAP has a fifty-two week low of $148.38 and a fifty-two week high of $256.13. The business’s fifty day moving average price is $241.90 and its two-hundred day moving average price is $223.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.44%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that SAP will post 4.8 EPS for the current fiscal year.

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.