SAP (NYSE:SAP - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $307.00 to $300.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an "outperform" rating on the software maker's stock. BMO Capital Markets' price target indicates a potential upside of 20.20% from the company's current price.
A number of other research analysts have also issued reports on the company. TD Cowen raised 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 upped their price target on shares of SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a research note 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. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. Finally, JMP Securities raised their price objective on SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP presently has a consensus rating of "Buy" and a consensus price target of $247.67.
View Our Latest Research Report on SAP
SAP Stock Performance
SAP stock traded down $7.81 during trading on Wednesday, reaching $249.59. 764,405 shares of the company's stock were exchanged, compared to its average volume of 979,176. SAP has a 1-year low of $176.14 and a 1-year high of $293.70. The firm has a market cap of $306.62 billion, a PE ratio of 86.97, a P/E/G ratio of 4.71 and a beta of 1.28. The company's fifty day moving average price is $270.47 and its 200-day moving average price is $255.57. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16.
SAP (NYSE:SAP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, research analysts expect that SAP will post 6.55 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Centricity Wealth Management LLC acquired a new position in shares of SAP in the 4th quarter valued at $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the fourth quarter valued at about $27,000. Rakuten Securities Inc. boosted its holdings in SAP by 2,700.0% during the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after buying an additional 108 shares during the last quarter. Albion Financial Group UT grew its position in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock worth $32,000 after buying an additional 71 shares during the period. Finally, Founders Capital Management increased its stake in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after acquiring an additional 75 shares during the last quarter.
SAP Company Profile
(
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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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