JMP Securities Increases SAP (NYSE:SAP) Price Target to $220.00

SAP (NYSE:SAP) had its price target raised by equities researchers at JMP Securities from $204.00 to $220.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the software maker’s stock. JMP Securities’ price objective indicates a potential upside of 16.96% from the company’s current price.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. KeyCorp assumed coverage on shares of SAP in a research note on Thursday, March 21st. They set an “overweight” rating for the company. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their target price on shares of SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and an average target price of $201.60.

SAP Trading Up 0.0 %

SAP stock opened at $188.10 on Tuesday. SAP has a 12-month low of $126.75 and a 12-month high of $199.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $187.62 and its 200 day moving average price is $165.29.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.17). SAP had a return on equity of 9.81% and a net margin of 15.76%. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $8.98 billion. Analysts anticipate that SAP will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new stake in shares of SAP during the 1st quarter worth about $25,000. Column Capital Advisors LLC raised its holdings in shares of SAP by 121.0% in the 3rd quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of SAP in the 1st quarter worth approximately $29,000. Wetzel Investment Advisors Inc. bought a new stake in shares of SAP in the 4th quarter worth approximately $31,000. Finally, Adirondack Trust Co. raised its holdings in shares of SAP by 121.1% in the 4th quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter.

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.