Barclays Forecasts Strong Price Appreciation for SAP (NYSE:SAP) Stock

SAP (NYSE:SAP - Get Free Report) had its price target raised by Barclays from $283.00 to $286.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the software maker's stock. Barclays's price target indicates a potential upside of 3.40% from the stock's previous close.

Other research analysts have also issued reports about the stock. JMP Securities increased their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a report on Wednesday. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and increased their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Kepler Capital Markets upgraded shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on shares of SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a report on Wednesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $248.83.

SAP Trading Down 1.0 %

Shares of SAP stock traded down $2.75 during mid-day trading on Thursday, hitting $276.61. 637,919 shares of the stock were exchanged, compared to its average volume of 1,081,700. SAP has a twelve month low of $173.05 and a twelve month high of $280.53. The stock has a market capitalization of $339.81 billion, a price-to-earnings ratio of 96.29, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The company has a 50-day simple moving average of $253.00 and a 200 day simple moving average of $232.35. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%. Research analysts forecast that SAP will post 6.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter valued at approximately $25,000. Union Bancaire Privee UBP SA purchased a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Albion Financial Group UT raised its stake in shares of SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group purchased a new stake in shares of SAP during the third quarter valued at approximately $42,000. Finally, Financial Management Professionals Inc. raised its stake in shares of SAP by 104.0% during the fourth quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker's stock valued at $50,000 after purchasing an additional 103 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.