SAP (NYSE:SAP) Hits New 52-Week High After Analyst Upgrade

SAP SE (NYSE:SAP) reached a new 52-week high on Wednesday after Barclays raised their price target on the stock from $283.00 to $286.00. Barclays currently has an overweight rating on the stock. SAP traded as high as $278.53 and last traded at $278.23, with a volume of 9783 shares changing hands. The stock had previously closed at $273.79.

Several other equities analysts also recently commented on SAP. BMO Capital Markets boosted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus target price of $248.83.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Godsey & Gibb Inc. purchased a new position in SAP during the 3rd quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the 4th quarter valued at approximately $27,000. Albion Financial Group UT boosted its stake 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 buying an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP during the third quarter worth $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP in the third quarter worth $47,000.

SAP Trading Up 1.0 %

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 $343.33 billion, a price-to-earnings ratio of 111.79, a P/E/G ratio of 3.89 and a beta of 1.22. The business has a fifty day simple moving average of $252.13 and a 200 day simple moving average of $232.02.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. On average, equities analysts anticipate that SAP SE will post 4.64 EPS for the current fiscal year.

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.