BMO Capital Markets Boosts SAP (NYSE:SAP) Price Target to $307.00

SAP (NYSE:SAP - Get Free Report) had its price objective increased by equities research analysts at BMO Capital Markets from $265.00 to $307.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the software maker's stock. BMO Capital Markets' target price points to a potential upside of 10.47% from the company's previous close.

Several other research analysts have also weighed in on the company. TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays increased their target price on SAP from $275.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. 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. Finally, Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $290.40.

SAP Price Performance

SAP traded up $4.12 during trading on Wednesday, hitting $277.91. The company's stock had a trading volume of 885,492 shares, compared to its average volume of 1,060,305. SAP has a 12 month low of $173.05 and a 12 month high of $279.14. 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 quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $341.41 billion, a price-to-earnings ratio of 111.11, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22.

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

Institutional Investors Weigh In On SAP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP in the fourth quarter valued at $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after acquiring an additional 71 shares during the period. Brooklyn Investment Group purchased a new position in shares of SAP during the third quarter worth approximately $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in SAP in the third 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.

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