JMP Securities Raises SAP (NYSE:SAP) Price Target to $300.00

SAP (NYSE:SAP) had its target price lifted by JMP Securities from $245.00 to $300.00 in a research report sent to investors on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the software maker’s stock.

SAP has been the topic of a number of other research reports. Argus upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. TD Cowen raised their price objective on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barclays raised their price objective on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Down 0.2 %

Shares of NYSE:SAP opened at $237.72 on Tuesday. SAP has a 1 year low of $130.63 and a 1 year high of $240.08. The firm has a market capitalization of $292.04 billion, a price-to-earnings ratio of 95.09, a price-to-earnings-growth ratio of 4.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50 day moving average price is $223.18 and its 200-day moving average price is $204.50.

SAP (NYSE:SAP) last announced its earnings results 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 net margin of 8.15% and a return on equity of 11.39%. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that SAP will post 4.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in shares of SAP during the 1st quarter worth $25,000. LRI Investments LLC purchased a new position in shares of SAP during the 1st quarter worth $25,000. Godsey & Gibb Inc. purchased a new position in shares of SAP during the 3rd quarter worth $25,000. POM Investment Strategies LLC raised its holdings in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares during the period. Finally, Crewe Advisors LLC raised its holdings in shares of SAP by 1,270.0% during the 2nd 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.

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.