SAP SE (NYSE:SAP) Receives $248.83 Average Price Target from Analysts

SAP SE (NYSE:SAP) has earned an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $248.83.

A number of research analysts recently commented on the company. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets raised their target price on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays increased their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th.

SAP Price Performance

Shares of SAP stock opened at $264.05 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $324.38 billion, a price-to-earnings ratio of 92.00, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. SAP has a twelve month low of $175.08 and a twelve month high of $293.70. The company has a 50-day simple moving average of $273.62 and a two-hundred day simple moving average of $248.05.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Analysts forecast that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAP. Centricity Wealth Management LLC bought a new position in SAP in the fourth quarter valued at about $25,000. Union Bancaire Privee UBP SA bought a new position in SAP in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its position in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after buying an additional 108 shares during the period. Albion Financial Group UT grew its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after acquiring an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in SAP in the 4th quarter valued at approximately $42,000.

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.