BMO Capital Markets Increases SAP (NYSE:SAP) Price Target to $307.00

SAP (NYSE:SAP) had its price target hoisted by BMO Capital Markets from $265.00 to $307.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the software maker’s stock.

Other research analysts also recently issued research reports about the stock. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Barclays raised their price target on SAP from $275.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Performance

NYSE:SAP opened at $276.42 on Wednesday. The company has a market cap of $339.58 billion, a price-to-earnings ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. 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 has a 52 week low of $173.05 and a 52 week high of $280.53. The company has a fifty day simple moving average of $253.00 and a two-hundred day simple moving average of $232.35.

SAP (NYSE:SAP) last issued its quarterly 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 12.42% and a net margin of 9.17%. As a group, equities analysts anticipate that SAP will post 6.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in SAP by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock valued at $9,232,000 after buying an additional 1,158 shares during the last quarter. Xponance Inc. raised its position in SAP by 20.8% in the 2nd quarter. Xponance Inc. now owns 1,273 shares of the software maker’s stock valued at $257,000 after purchasing an additional 219 shares during the last quarter. AQR Capital Management LLC boosted its stake in SAP by 55.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock worth $892,000 after purchasing an additional 1,580 shares during the period. Ascent Group LLC grew its position in SAP by 9.1% during the 2nd quarter. Ascent Group LLC now owns 1,284 shares of the software maker’s stock worth $259,000 after purchasing an additional 107 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in SAP by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock valued at $2,192,000 after purchasing an additional 287 shares during the period.

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.