Analysts Set SAP SE (NYSE:SAP) PT at $232.17

Shares of SAP SE (NYSE:SAP) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $232.17.

Several research firms have weighed in on SAP. TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 23rd. Barclays increased their price objective on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lowered SAP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th.

SAP Price Performance

Shares of NYSE SAP opened at $229.48 on Tuesday. SAP has a twelve month low of $130.08 and a twelve month high of $232.23. The company has a 50 day moving average of $221.85 and a 200 day moving average of $203.77. The firm has a market cap of $281.92 billion, a P/E ratio of 98.91, a PEG ratio of 4.37 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. As a group, research analysts expect that SAP will post 4.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth $25,000. LRI Investments LLC purchased a new stake in SAP in the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of SAP in the 1st quarter valued at $25,000. POM Investment Strategies LLC boosted its holdings in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Finally, Crewe Advisors LLC grew its holdings in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the period.

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.