BMO Capital Markets Has Lowered Expectations for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP - Get Free Report) had its target price lowered by analysts at BMO Capital Markets from $330.00 to $320.00 in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage currently has an "outperform" rating on the software maker's stock. BMO Capital Markets' price target would suggest a potential upside of 15.67% from the company's current price.

A number of other analysts have also commented on the stock. Wall Street Zen lowered shares of SAP from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. JMP Securities boosted their price target on shares of SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a report on Wednesday, July 23rd. Oddo Bhf upgraded shares of SAP from a "neutral" rating to an "outperform" rating in a research report on Wednesday, September 24th. Barclays reiterated an "overweight" rating and set a $322.00 price objective (up from $308.00) on shares of SAP in a research report on Friday, July 25th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $280.00.

SAP Stock Down 1.4%

SAP stock opened at $276.64 on Thursday. SAP has a 12 month low of $227.52 and a 12 month high of $313.28. The firm has a market cap of $339.85 billion, a PE ratio of 45.80, a P/E/G ratio of 4.16 and a beta of 1.28. The firm has a 50 day simple moving average of $269.60 and a 200 day simple moving average of $282.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.10 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that SAP will post 6.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in shares of SAP in the second quarter valued at approximately $920,000. Modern Wealth Management LLC grew its stake in SAP by 292.2% in the 1st quarter. Modern Wealth Management LLC now owns 4,663 shares of the software maker's stock valued at $1,252,000 after buying an additional 3,474 shares during the last quarter. Ascent Group LLC boosted its holdings in SAP by 196.3% during the first quarter. Ascent Group LLC now owns 4,175 shares of the software maker's stock valued at $1,121,000 after acquiring an additional 2,766 shares during the period. Goldman Sachs Group Inc. boosted its holdings in SAP by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock valued at $354,048,000 after acquiring an additional 80,164 shares during the period. Finally, Bain Capital Public Equity Management II LLC bought a new stake in SAP during the first quarter valued at about $13,869,000.

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.

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