BMO Capital Markets Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP - Get Free Report) had its price objective increased by BMO Capital Markets from $300.00 to $320.00 in a research note issued to investors on Wednesday. The firm currently has an "outperform" rating on the software maker's stock. BMO Capital Markets' price objective points to a potential upside of 26.93% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Barclays raised their target price on shares of SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. JMP Securities increased their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. Kepler Capital Markets raised 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 objective for the company from $240.00 to $305.00 in a research note on Friday, January 17th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has a consensus rating of "Buy" and an average price target of $251.00.

SAP Stock Performance

Shares of SAP stock opened at $252.12 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market capitalization of $309.72 billion, a price-to-earnings ratio of 87.84, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The company has a 50 day moving average price of $268.83 and a 200 day moving average price of $255.75. SAP has a one year low of $179.15 and a one year high of $293.70.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts anticipate that SAP will post 6.55 EPS for the current year.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP in the 1st quarter worth approximately $53,000. Oppenheimer & Co. Inc. increased its stake in SAP by 58.8% during the first quarter. Oppenheimer & Co. Inc. now owns 1,517 shares of the software maker's stock valued at $407,000 after purchasing an additional 562 shares during the last quarter. Continuum Advisory LLC increased its stake in SAP by 109.6% during the first quarter. Continuum Advisory LLC now owns 262 shares of the software maker's stock valued at $70,000 after purchasing an additional 137 shares during the last quarter. XML Financial LLC bought a new position in shares of SAP in the 1st quarter worth about $211,000. Finally, TrueMark Investments LLC acquired a new position in shares of SAP in the 1st quarter valued at about $344,000.

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.

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