Analysts Set SAP SE (NYSE:SAP) Price Target at $123.00

Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $129.50.

A number of brokerages recently commented on SAP. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Friday, October 11th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price objective (up from $141.00) on shares of SAP in a research note on Wednesday, November 13th. Jefferies Financial Group reissued a “buy” rating and issued a $140.00 price objective on shares of SAP in a research note on Monday, October 21st. Finally, ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

Shares of NYSE:SAP traded down $2.73 on Friday, reaching $133.22. 6,940 shares of the company were exchanged, compared to its average volume of 392,676. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.45. SAP has a 1-year low of $94.81 and a 1-year high of $140.62. The firm has a market cap of $162.27 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.95 and a beta of 1.11. The company has a 50-day moving average of $132.61 and a 200-day moving average of $126.87.

SAP (NYSE:SAP) last posted its quarterly earnings results on Monday, October 21st. The software maker reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.19. SAP had a net margin of 12.62% and a return on equity of 16.12%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. As a group, analysts forecast that SAP will post 4.46 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. purchased a new position in SAP in the 2nd quarter valued at about $235,000. Holocene Advisors LP purchased a new position in SAP in the 2nd quarter valued at about $76,517,000. Sterling Capital Management LLC lifted its holdings in SAP by 5.7% in the 2nd quarter. Sterling Capital Management LLC now owns 4,911 shares of the software maker’s stock valued at $672,000 after purchasing an additional 266 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in SAP by 2.8% in the 2nd quarter. Financial Advocates Investment Management now owns 5,338 shares of the software maker’s stock valued at $730,000 after purchasing an additional 144 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new position in SAP in the 2nd quarter valued at about $643,000. Institutional investors own 4.86% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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Analyst Recommendations for SAP (NYSE:SAP)

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