Barclays Raises SAP (NYSE:SAP) Price Target to $275.00

SAP (NYSE:SAP) had its target price lifted by Barclays from $252.00 to $275.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other equities analysts have also weighed in on SAP. TD Cowen raised their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. JMP Securities raised their price objective on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Performance

Shares of SAP opened at $237.72 on Wednesday. The firm has a 50-day moving average price of $223.61 and a 200 day moving average price of $204.82. The firm has a market capitalization of $292.04 billion, a PE ratio of 51.57, a P/E/G ratio of 4.42 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 52-week low of $130.63 and a 52-week high of $240.08.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a net margin of 8.15% and a return on equity of 11.39%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that SAP will post 4.83 earnings per share for the current fiscal year.

Institutional Trading of SAP

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of SAP in the first quarter worth approximately $25,000. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the third quarter worth approximately $25,000. POM Investment Strategies LLC lifted its position in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of 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 purchasing an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of SAP in the first quarter worth approximately $29,000.

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.