SAP (NYSE:SAP) Hits New 52-Week High – Here’s Why

Shares of SAP SE (NYSE:SAP) reached a new 52-week high on Tuesday . The stock traded as high as $266.63 and last traded at $266.62, with a volume of 6295 shares traded. The stock had previously closed at $262.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAP shares. Barclays boosted their price objective on SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. JMP Securities boosted 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. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, BMO Capital Markets upped their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $263.17.

SAP Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $335.27 billion, a price-to-earnings ratio of 109.16, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. The company has a fifty day simple moving average of $246.91 and a two-hundred day simple moving average of $229.16.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. On average, equities research analysts anticipate that SAP SE will post 4.66 earnings per share for the current fiscal year.

Institutional Trading of SAP

Several large investors have recently bought and sold shares of SAP. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the third quarter valued at $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the fourth quarter valued at $27,000. Albion Financial Group UT lifted its position in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of SAP in the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of SAP in the third quarter valued at $47,000.

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.