SAP SE (NYSE:SAP) Receives $232.00 Consensus Target Price from Brokerages

Shares of SAP SE (NYSE:SAP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $232.00.

Several research analysts have weighed in on the company. Barclays boosted their price objective on SAP from $217.00 to $251.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 13th. Sanford C. Bernstein assumed coverage on SAP in a research note on Thursday, May 23rd. They issued an "outperform" rating and a $227.00 target price on the stock. TD Cowen increased their price objective on SAP from $188.00 to $214.00 and gave the company a "hold" rating in a research report on Tuesday, July 23rd. Argus raised SAP from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. Finally, JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the stock a "market outperform" rating in a research report on Tuesday, July 23rd.

SAP Trading Down 0.1 %

Shares of SAP stock traded down $0.16 during mid-day trading on Friday, reaching $228.81. 577,770 shares of the stock traded hands, compared to its average volume of 784,601. The stock's fifty day simple moving average is $212.75 and its two-hundred day simple moving average is $198.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $269.90 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 4.34 and a beta of 1.25. SAP has a 1-year low of $126.75 and a 1-year high of $230.19.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, research analysts anticipate that SAP will post 4.83 EPS for the current fiscal year.

Institutional Trading of SAP

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in SAP during the second quarter valued at $9,361,000. EP Wealth Advisors LLC grew its holdings in SAP by 21.8% during the second quarter. EP Wealth Advisors LLC now owns 1,694 shares of the software maker's stock valued at $342,000 after purchasing an additional 303 shares during the period. Wallace Advisory Group LLC grew its holdings in SAP by 7.6% during the second quarter. Wallace Advisory Group LLC now owns 1,794 shares of the software maker's stock valued at $362,000 after purchasing an additional 127 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in SAP by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,869 shares of the software maker's stock valued at $2,192,000 after purchasing an additional 287 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker's stock valued at $39,934,000 after purchasing an additional 15,604 shares during the period.

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.