Barclays Increases SAP (NYSE:SAP) Price Target to $275.00

SAP (NYSE:SAP - Get Free Report) had its price target raised by research analysts at Barclays from $252.00 to $275.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the software maker's stock. Barclays's price objective indicates a potential upside of 17.22% from the stock's current price.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen boosted their price objective on shares of SAP from $234.00 to $240.00 and gave the company a "hold" rating in a research report on Tuesday. Argus upgraded SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on SAP from $248.00 to $265.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $252.33.

SAP Stock Performance

SAP stock traded up $2.28 during trading on Wednesday, reaching $234.60. The stock had a trading volume of 1,099,264 shares, compared to its average volume of 793,965. The stock's 50 day moving average is $222.71 and its two-hundred day moving average is $204.27. The firm has a market cap of $288.21 billion, a PE ratio of 50.89, a PEG ratio of 4.37 and a beta of 1.25. SAP has a 52 week low of $130.63 and a 52 week high of $237.72. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. As a group, equities analysts anticipate that SAP will post 4.84 earnings per share for the current year.

Institutional Trading of SAP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Modera Wealth Management LLC raised its position in shares of SAP by 1.4% during the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker's stock valued at $754,000 after buying an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker's stock valued at $300,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC grew its position in shares of SAP by 17.5% during the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker's stock valued at $70,000 after purchasing an additional 52 shares in the last quarter. PFG Investments LLC increased its holdings in shares of SAP by 2.6% in the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker's stock worth $490,000 after purchasing an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of SAP by 32.6% in the first quarter. Bessemer Group Inc. now owns 252 shares of the software maker's stock worth $49,000 after purchasing an additional 62 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.