SAP (NYSE:SAP) PT Raised to $265.00

SAP (NYSE:SAP) had its price objective lifted by BMO Capital Markets from $248.00 to $265.00 in a research report released on Tuesday, MarketBeat reports. The brokerage currently has an outperform rating on the software maker’s stock.

Several other equities research analysts have also weighed in on the company. Barclays lifted their price objective on SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen boosted their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Price Performance

Shares of NYSE SAP opened at $237.72 on Tuesday. The stock’s 50 day moving average price is $223.18 and its 200-day moving average price is $204.50. The company has a market capitalization of $292.04 billion, a PE ratio of 51.57, a PEG ratio of 4.42 and a beta of 1.25. SAP has a twelve month low of $130.63 and a twelve month high of $240.08. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.39% and a net margin of 8.15%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm posted $1.20 earnings per share. SAP’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that SAP will post 4.83 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new position in shares of SAP during the first quarter worth about $25,000. Sunbelt Securities Inc. bought a new position in shares of SAP in the 1st quarter worth $29,000. Janiczek Wealth Management LLC raised its position in shares of SAP by 3.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 5,311 shares of the software maker’s stock valued at $1,036,000 after buying an additional 176 shares in the last quarter. Cardinal Capital Management lifted its holdings in shares of SAP by 5.3% during the 1st quarter. Cardinal Capital Management now owns 27,419 shares of the software maker’s stock worth $5,348,000 after acquiring an additional 1,379 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in SAP in the first quarter worth $202,000.

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.