SAP SE (NYSE:SAP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SAP SE (NYSE:SAPGet Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $255.6667.

Several brokerages have commented on SAP. Argus set a $265.00 target price on shares of SAP in a report on Thursday. BMO Capital Markets upped their price target on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research note on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of SAP in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th.

Read Our Latest Stock Analysis on SAP

SAP Stock Up 5.7%

Shares of SAP stock opened at $218.19 on Tuesday. SAP has a 12-month low of $144.97 and a 12-month high of $281.36. The firm has a market capitalization of $268.05 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $192.52 and its 200-day moving average is $180.90.

SAP (NYSE:SAPGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS. Equities analysts anticipate that SAP will post 8.17 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its holdings in shares of SAP by 1.5% in the 2nd quarter. Allworth Financial LP now owns 3,304 shares of the software maker’s stock valued at $509,000 after purchasing an additional 48 shares during the period. Baker Avenue Asset Management LP boosted its holdings in shares of SAP by 7.1% during the fourth quarter. Baker Avenue Asset Management LP now owns 888 shares of the software maker’s stock worth $216,000 after purchasing an additional 59 shares during the period. Checchi Capital Advisers LLC grew its position in SAP by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 6,059 shares of the software maker’s stock valued at $1,037,000 after purchasing an additional 59 shares in the last quarter. King Luther Capital Management Corp increased its stake in SAP by 3.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,899 shares of the software maker’s stock valued at $461,000 after buying an additional 63 shares during the period. Finally, Baron Wealth Management LLC increased its stake in SAP by 3.9% in the 1st quarter. Baron Wealth Management LLC now owns 1,707 shares of the software maker’s stock valued at $292,000 after buying an additional 64 shares during the period.

About SAP

(Get Free Report)

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.

See Also

Analyst Recommendations for SAP (NYSE:SAP)

Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.