SAP SE (NYSE:SAP) Receives Average Rating of “Buy” from Brokerages

Shares of SAP SE (NYSE:SAP) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $248.83.

Several research firms have recently issued reports on SAP. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays boosted their price objective on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JMP Securities increased their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

SAP Trading Up 0.4 %

SAP opened at $270.75 on Friday. The firm has a 50 day simple moving average of $274.50 and a 200 day simple moving average of $248.77. SAP has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The company has a market cap of $332.62 billion, a price-to-earnings ratio of 94.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts anticipate that SAP will post 6.55 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Several large investors have recently made changes to their positions in SAP. Principal Street Partners LLC increased its holdings in SAP by 1.0% during the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock worth $908,000 after purchasing an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after purchasing an additional 38 shares in the last quarter. Alaethes Wealth LLC boosted its position in shares of SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock worth $2,730,000 after buying an additional 39 shares during the period. Lindbrook Capital LLC grew its holdings in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after buying an additional 43 shares in the last quarter. Finally, Foster Group Inc. raised its position in SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after buying an additional 45 shares during the last quarter.

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.