SAP’s (SAP) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of SAP (NYSE:SAP) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $38.00 target price on the software maker’s stock.

SAP has been the subject of several other reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday. Finally, TD Cowen raised 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 research note on Friday, January 17th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Up 1.0 %

Shares of SAP stock opened at $279.47 on Thursday. SAP has a 1 year low of $173.05 and a 1 year high of $280.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day moving average is $252.13 and its 200-day moving average is $232.02. The stock has a market cap of $343.33 billion, a PE ratio of 97.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22.

SAP (NYSE:SAP) last released its earnings results 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 return on equity of 12.42% and a net margin of 9.17%. Equities analysts expect that SAP will post 6.35 earnings per share for the current fiscal year.

Institutional Trading of SAP

A number of hedge funds have recently made changes to their positions in the stock. Godsey & Gibb Inc. acquired a new position in SAP in the 3rd quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter worth $27,000. Albion Financial Group UT boosted its position in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new position in SAP in the third quarter valued at about $42,000. Finally, Prospera Private Wealth LLC acquired a new position in SAP in the 3rd quarter worth about $47,000.

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.