Analysts Set SAP SE (NYSE:SAP) Price Target at $252.33

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

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

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. Holocene Advisors LP acquired a new position in SAP in the third quarter valued at $10,869,000. JPMorgan Chase & Co. lifted its stake in shares of SAP by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of SAP by 1,496.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after purchasing an additional 8,380 shares during the period. Creative Planning grew its stake in SAP by 18.0% during the third quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after purchasing an additional 14,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in SAP by 644.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after purchasing an additional 142,270 shares in the last quarter.

SAP Trading Down 1.3 %

Shares of SAP opened at $243.12 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. SAP has a 52-week low of $148.38 and a 52-week high of $256.13. The firm has a market cap of $298.67 billion, a price-to-earnings ratio of 97.25, a PEG ratio of 4.94 and a beta of 1.23. The business’s fifty day moving average is $241.90 and its 200-day moving average is $223.29.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. Equities analysts anticipate 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.