SAP SE (NYSE:SAP) Given Average Rating of “Buy” by Brokerages

SAP SE (NYSE:SAP) has been assigned an average rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $248.83.

A number of analysts have commented on SAP shares. JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and increased their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays increased their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

SAP Stock Performance

Shares of SAP opened at $282.87 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $265.88 and a two-hundred day simple moving average of $241.73. The stock has a market cap of $347.50 billion, a price-to-earnings ratio of 98.56, a PEG ratio of 4.71 and a beta of 1.23. SAP has a 52 week low of $175.08 and a 52 week high of $293.70.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts expect that SAP will post 6.55 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Trust bought a new position in SAP during the fourth quarter valued at approximately $326,000. Ascent Group LLC lifted its stake in shares of SAP by 3.9% in the 4th quarter. Ascent Group LLC now owns 1,409 shares of the software maker’s stock valued at $347,000 after purchasing an additional 53 shares during the last quarter. Putney Financial Group LLC bought a new stake in shares of SAP in the 4th quarter valued at approximately $66,000. Forum Financial Management LP lifted its stake in shares of SAP by 16.3% in the 4th quarter. Forum Financial Management LP now owns 17,674 shares of the software maker’s stock valued at $4,352,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of SAP by 149.0% in the 4th quarter. Toronto Dominion Bank now owns 1,758 shares of the software maker’s stock valued at $432,000 after purchasing an additional 1,052 shares during the last quarter.

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.