SAP (NYSE:SAP) Price Target Cut to $210.00

SAP (NYSE:SAP) had its price target reduced by equities research analysts at Barclays from $212.00 to $210.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would indicate a potential upside of 13.46% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group raised their price objective on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. BMO Capital Markets raised their price objective on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. KeyCorp began coverage on SAP in a report on Thursday, March 21st. They set an “overweight” rating on the stock. StockNews.com cut SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Finally, JMP Securities raised their price objective on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.60.

SAP Stock Performance

Shares of SAP opened at $185.08 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $187.77 and a 200-day moving average price of $165.42. SAP has a 12-month low of $126.75 and a 12-month high of $199.29.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. Equities analysts expect that SAP will post 4.74 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Several hedge funds have recently made changes to their positions in SAP. CWM LLC increased its stake in shares of SAP by 11.1% during the third quarter. CWM LLC now owns 1,855 shares of the software maker’s stock valued at $240,000 after buying an additional 186 shares during the period. AE Wealth Management LLC increased its stake in shares of SAP by 19.7% during the third quarter. AE Wealth Management LLC now owns 6,307 shares of the software maker’s stock valued at $816,000 after buying an additional 1,037 shares during the period. IFP Advisors Inc increased its stake in shares of SAP by 98.4% during the third quarter. IFP Advisors Inc now owns 1,117 shares of the software maker’s stock valued at $144,000 after buying an additional 554 shares during the period. Impact Partnership Wealth LLC increased its stake in shares of SAP by 376.1% during the third quarter. Impact Partnership Wealth LLC now owns 319 shares of the software maker’s stock valued at $41,000 after buying an additional 252 shares during the period. Finally, Caprock Group LLC increased its stake in shares of SAP by 12.1% during the third quarter. Caprock Group LLC now owns 9,421 shares of the software maker’s stock valued at $1,218,000 after buying an additional 1,020 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.