SAP SE (NYSE:SAP) Given Consensus Rating of "Moderate Buy" by Brokerages

SAP SE (NYSE:SAP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $252.33.

A number of brokerages recently weighed in on SAP. Argus raised shares of SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. 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, October 22nd. Finally, TD Cowen raised their target price on shares of SAP from $234.00 to $240.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd.

SAP Stock Down 1.1 %

Shares of SAP traded down $2.63 during mid-day trading on Friday, reaching $237.56. The company's stock had a trading volume of 706,553 shares, compared to its average volume of 800,132. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP has a 12-month low of $142.39 and a 12-month high of $243.01. The stock has a market cap of $291.84 billion, a PE ratio of 95.02, a price-to-earnings-growth ratio of 4.43 and a beta of 1.25. The company's 50 day moving average is $227.28 and its 200 day moving average is $208.66.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion during the quarter, compared to analysts' expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities analysts anticipate that SAP will post 4.9 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

Institutional investors have recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new position in SAP during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in SAP during the first quarter worth $25,000. POM Investment Strategies LLC grew its holdings in SAP by 892.3% during the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker's stock worth $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC raised its position in SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker's stock worth $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in SAP by 254.2% in the first quarter. Geneos Wealth Management Inc. now owns 170 shares of the software maker's stock valued at $33,000 after acquiring an additional 122 shares during the period.

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.