SAP SE (NYSE:SAP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SAP SE (NYSE:SAP) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $232.00.

Several research firms have recently weighed in on SAP. BMO Capital Markets raised their target price on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Barclays raised their price target on shares of SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities boosted their target price on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 23rd. Finally, TD Cowen increased their price target on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd.

Hedge Funds Weigh In On SAP

Several large investors have recently modified their holdings of SAP. Capital International Investors raised its holdings in shares of SAP by 8.1% in the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock valued at $1,537,251,000 after buying an additional 746,386 shares during the period. Envestnet Asset Management Inc. increased its stake in SAP by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,086,658 shares of the software maker’s stock worth $167,987,000 after buying an additional 26,031 shares during the period. Raymond James & Associates lifted its holdings in SAP by 3.7% during the 2nd quarter. Raymond James & Associates now owns 631,961 shares of the software maker’s stock worth $127,473,000 after buying an additional 22,438 shares in the last quarter. Principal Financial Group Inc. boosted its position in SAP by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock valued at $121,195,000 after buying an additional 108,729 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of SAP in the first quarter worth $58,936,000.

SAP Price Performance

Shares of NYSE SAP opened at $230.93 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $213.81 and a 200 day moving average of $199.23. The firm has a market cap of $283.70 billion, a PE ratio of 50.09, a PEG ratio of 4.34 and a beta of 1.25. SAP has a one year low of $126.75 and a one year high of $231.13.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts predict that SAP will post 4.83 EPS for the current fiscal 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.