SAP SE (NYSE:SAP) Receives $248.83 Consensus Price Target from Brokerages

SAP SE (NYSE:SAP) has been given an average rating of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $248.83.

SAP has been the subject of a number of research reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th.

Institutional Investors Weigh In On SAP

Institutional investors have recently made changes to their positions in the company. Holocene Advisors LP purchased a new stake in shares of SAP during the third quarter valued at approximately $10,869,000. Atomi Financial Group Inc. grew its holdings in shares of SAP by 38.9% during the fourth quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of SAP by 208.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the last quarter. 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, Benjamin Edwards Inc. grew its holdings in shares of SAP by 1,496.4% during the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after buying an additional 8,380 shares during the last quarter.

SAP Stock Performance

SAP stock opened at $288.23 on Monday. SAP has a 1-year low of $174.88 and a 1-year high of $293.70. The firm has a market cap of $354.09 billion, a P/E ratio of 100.43, a P/E/G ratio of 4.76 and a beta of 1.23. The firm has a 50-day moving average of $264.61 and a 200-day moving average of $240.26. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released 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 12.18% and a net margin of 9.17%. Sell-side analysts expect that SAP will post 6.55 EPS for the current year.

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.