Barclays Reiterates Overweight Rating for SAP (NYSE:SAP)

Last updated on Tuesday, July 27, 2021 | 2021 MarketBeat

SAP (NYSE:SAP)'s stock had its "overweight" rating reaffirmed by analysts at Barclays in a research note issued to investors on Tuesday, The Fly reports. They presently have a $165.00 target price on the software maker's stock, up from their previous target price of $162.00. Barclays's price target suggests a potential upside of 19.00% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on SAP. Oppenheimer raised their target price on SAP from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Thursday, April 22nd. CIBC lifted their price objective on shares of SAP from $43.00 to $45.00 and gave the company an "outperformer" rating in a research note on Friday, June 4th. JPMorgan Chase & Co. restated a "neutral" rating on shares of SAP in a research note on Thursday, July 22nd. Bank of America upgraded shares of SAP from an "underperform" rating to a "buy" rating in a research note on Wednesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of SAP in a research note on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company. SAP presently has a consensus rating of "Hold" and a consensus price target of $130.40.

SAP stock opened at $138.66 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $170.34 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06. SAP has a 1 year low of $104.64 and a 1 year high of $169.30. The company has a fifty day moving average of $142.00.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 21st. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.72. The company had revenue of $6.67 billion for the quarter, compared to analysts' expectations of $6.70 billion. SAP had a return on equity of 19.90% and a net margin of 21.60%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. Analysts predict that SAP will post 4.74 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Interchange Capital Partners LLC increased its stake in SAP by 4.8% in the 1st quarter. Interchange Capital Partners LLC now owns 1,678 shares of the software maker's stock worth $215,000 after purchasing an additional 77 shares in the last quarter. Glenmede Trust Co. NA increased its stake in SAP by 1.1% in the 4th quarter. Glenmede Trust Co. NA now owns 7,886 shares of the software maker's stock worth $1,027,000 after purchasing an additional 85 shares in the last quarter. Veriti Management LLC increased its stake in SAP by 1.6% in the 1st quarter. Veriti Management LLC now owns 5,628 shares of the software maker's stock worth $691,000 after purchasing an additional 89 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in SAP by 1.3% in the 1st quarter. CIBC Private Wealth Group LLC now owns 6,901 shares of the software maker's stock worth $848,000 after purchasing an additional 89 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in SAP by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 1,644 shares of the software maker's stock worth $202,000 after purchasing an additional 95 shares in the last quarter. 4.27% of the stock is currently owned by hedge funds and other institutional investors.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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