SAP (NYSE:SAP) Price Target Raised to $286.00

SAP (NYSE:SAP) had its price objective raised by research analysts at Barclays from $283.00 to $286.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective would suggest a potential upside of 3.30% from the company’s current price.

Several other equities analysts also recently commented on the stock. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $291.00.

SAP Trading Up 1.1 %

Shares of SAP stock opened at $276.87 on Thursday. The firm’s 50-day moving average price is $251.29 and its two-hundred day moving average price is $231.70. The company has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. 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 12-month low of $173.05 and a 12-month high of $279.14.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. On average, analysts forecast that SAP will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of SAP by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 45,770 shares of the software maker’s stock worth $9,232,000 after purchasing an additional 1,158 shares during the last quarter. AQR Capital Management LLC increased its position in SAP by 55.6% in the second quarter. AQR Capital Management LLC now owns 4,423 shares of the software maker’s stock worth $892,000 after buying an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of SAP by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker’s stock valued at $2,192,000 after buying an additional 287 shares during the period. EP Wealth Advisors LLC lifted its position in shares of SAP by 21.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 1,694 shares of the software maker’s stock valued at $342,000 after buying an additional 303 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of SAP during the 2nd quarter worth $9,361,000.

About SAP

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.