SAP (NYSE:SAP) Stock Rating Upgraded by TD Cowen

SAP (NYSE:SAP) was upgraded by TD Cowen from a “hold” rating to a “buy” rating in a research report issued on Friday,Finviz reports. The brokerage presently has a $305.00 price target on the software maker’s stock, up from their previous price target of $240.00. TD Cowen’s price target indicates a potential upside of 16.51% from the company’s current price.

Several other analysts also recently commented on the stock. Barclays raised their price objective on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday. JMP Securities upped their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lifted their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $263.17.

SAP Trading Up 0.0 %

NYSE SAP opened at $261.79 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a twelve month low of $155.82 and a twelve month high of $262.87. The firm has a market capitalization of $321.61 billion, a PE ratio of 104.72, a P/E/G ratio of 3.56 and a beta of 1.22. The stock’s 50 day moving average is $244.74 and its 200 day moving average is $227.23.

SAP (NYSE:SAP) last posted its quarterly earnings data 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). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business posted $1.20 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that SAP will post 4.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAP. Godsey & Gibb Inc. purchased a new position in shares of SAP in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in SAP in the third quarter worth $42,000. Prospera Private Wealth LLC purchased a new position in SAP during the third quarter worth $47,000. Financial Management Professionals Inc. increased its position in SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in SAP during the fourth quarter valued at $54,000.

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.