Barclays Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price objective raised by analysts at Barclays from $275.00 to $283.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective would suggest a potential upside of 3.70% from the company’s current price.

A number of other analysts have also issued reports on the stock. 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 upped their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities upped their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $264.50.

SAP Stock Up 1.3 %

Shares of SAP opened at $272.91 on Thursday. The firm has a market capitalization of $335.27 billion, a P/E ratio of 109.16, a P/E/G ratio of 3.82 and a beta of 1.22. SAP has a 12-month low of $161.07 and a 12-month high of $275.10. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $247.76 and a 200-day moving average price of $229.46.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share. Equities research analysts expect that SAP will post 4.66 earnings per share for the current year.

Hedge Funds Weigh In On SAP

A number of large investors have recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new position in shares of SAP during the third quarter valued at about $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the fourth quarter valued at about $27,000. Albion Financial Group UT increased its holdings in shares of SAP by 122.4% during 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 acquired a new position in shares of SAP during the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of SAP during the third quarter valued at about $47,000.

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.