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

SAP SE (NYSE:SAP) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $248.83.

Several equities research analysts have recently issued reports on SAP shares. BMO Capital Markets raised their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and raised their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $38.00 price target on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays raised their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in SAP by 2.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,563 shares of the software maker’s stock worth $6,786,000 after purchasing an additional 590 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in shares of SAP by 0.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 77,881 shares of the software maker’s stock valued at $19,175,000 after acquiring an additional 604 shares during the period. Brucke Financial Inc. purchased a new position in shares of SAP in the 4th quarter valued at $932,000. American Trust purchased a new position in shares of SAP in the 4th quarter valued at $326,000. Finally, Ascent Group LLC increased its holdings in shares of SAP by 3.9% in the 4th quarter. Ascent Group LLC now owns 1,409 shares of the software maker’s stock valued at $347,000 after acquiring an additional 53 shares during the period.

SAP Price Performance

NYSE:SAP opened at $271.74 on Friday. The firm has a market capitalization of $333.84 billion, a price-to-earnings ratio of 94.68, a PEG ratio of 4.71 and a beta of 1.25. SAP has a 1 year low of $175.08 and a 1 year high of $293.70. The business has a 50 day simple moving average of $275.21 and a 200-day simple moving average of $249.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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