SAP (NYSE:SAP) Given New $300.00 Price Target at BMO Capital Markets

SAP (NYSE:SAP) had its target price reduced by stock analysts at BMO Capital Markets from $307.00 to $300.00 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price indicates a potential upside of 14.44% from the company’s current price.

A number of other brokerages also recently commented on SAP. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays boosted their price objective 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. Royal Bank of Canada restated an “outperform” rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. 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. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $247.67.

SAP Trading Up 1.0 %

NYSE:SAP opened at $262.15 on Wednesday. The firm has a 50-day simple moving average of $271.97 and a 200-day simple moving average of $254.66. SAP has a one year low of $175.08 and a one year high of $293.70. The firm has a market cap of $322.05 billion, a P/E ratio of 91.34, a P/E/G ratio of 4.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

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

Institutional Trading of SAP

Several large investors have recently added to or reduced their stakes in SAP. Centricity Wealth Management LLC purchased a new position in shares of SAP in the fourth quarter worth about $25,000. Union Bancaire Privee UBP SA acquired a new position in SAP in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. raised its position in SAP by 2,700.0% during the 4th 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 lifted its stake in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after acquiring an additional 71 shares during the period. Finally, Founders Capital Management lifted its stake in SAP by 133.9% during 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 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.