SAP (NYSE:SAP) Price Target Increased to $265.00 by Analysts at BMO Capital Markets

SAP (NYSE:SAP) had its price objective hoisted by investment analysts at BMO Capital Markets from $248.00 to $265.00 in a research report issued on Tuesday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price points to a potential upside of 12.96% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Barclays upped 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. JMP Securities increased their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their target price on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Up 1.0 %

NYSE SAP opened at $234.60 on Tuesday. The business’s fifty day simple moving average is $222.71 and its 200-day simple moving average is $204.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $288.21 billion, a PE ratio of 50.89, a P/E/G ratio of 4.37 and a beta of 1.25. SAP has a 52 week low of $130.63 and a 52 week high of $237.72.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities analysts anticipate that SAP will post 4.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates boosted its position in SAP by 3.7% in the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock valued at $127,473,000 after buying an additional 22,438 shares during the period. Westfield Capital Management Co. LP acquired a new position in SAP during the 1st quarter worth $58,936,000. NewEdge Advisors LLC grew its stake in SAP by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after purchasing an additional 15,604 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in SAP during the 3rd quarter worth about $40,573,000. Finally, Sei Investments Co. boosted its stake in shares of SAP by 4.2% in the 2nd quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock valued at $33,941,000 after buying an additional 6,785 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.