SAP (NYSE:SAP) Stock Price Expected to Rise, JMP Securities Analyst Says

SAP (NYSE:SAP) had its price objective lifted by JMP Securities from $300.00 to $330.00 in a research report sent to investors on Wednesday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the software maker’s stock.

Several other research firms have also commented on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. BMO Capital Markets upped their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Barclays upped their price objective on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Stock Down 1.1 %

Shares of NYSE:SAP opened at $276.42 on Wednesday. The business’s 50 day moving average is $253.00 and its 200 day moving average is $232.35. The stock has a market cap of $339.58 billion, a P/E ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. SAP has a 52-week low of $173.05 and a 52-week high of $280.53. 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 (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%. Sell-side analysts predict that SAP will post 6.35 EPS for the current year.

Institutional Investors Weigh In On SAP

A number of large investors have recently modified their holdings of SAP. FMR LLC increased its holdings in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of SAP in the fourth quarter worth $290,023,000. Principal Financial Group Inc. lifted its stake in shares of SAP by 0.8% during the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after buying an additional 4,775 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of SAP by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after buying an additional 7,667 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of SAP by 12.5% in the 3rd quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after acquiring an additional 23,352 shares during the period.

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.