SAP (NYSE:SAP) Price Target Cut to $210.00 by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets cut its price target for SAP from $245 to $210 but kept an "outperform" rating, implying roughly a 28.7% upside from the current share price.
• SAP beat its recent quarter with $1.90 EPS (vs. $1.77 est.) and $11.36B revenue (vs. $9.77B est.), yet several firms have downgraded the stock while the MarketBeat consensus remains a "Moderate Buy" with a consensus price target of $297.

SAP (NYSE:SAP - Get Free Report) had its price target reduced by equities researchers at BMO Capital Markets from $245.00 to $210.00 in a research note issued to investors on Monday. The brokerage presently has an "outperform" rating on the software maker's stock. BMO Capital Markets' target price would indicate a potential upside of 28.74% from the company's current price.

A number of other analysts have also commented on the company. Zacks Research lowered SAP from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 5th. Citigroup lowered SAP from a "buy" rating to a "hold" rating in a research report on Friday, January 30th. Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Santander upgraded SAP to a "neutral" rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings lowered SAP from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, SAP has an average rating of "Moderate Buy" and a consensus price target of $297.00.

SAP Stock Up 0.0%

Shares of NYSE SAP opened at $163.12 on Monday. SAP has a 52-week low of $160.66 and a 52-week high of $313.28. The stock has a market cap of $200.39 billion, a PE ratio of 23.14, a PEG ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day moving average of $189.54 and a two-hundred day moving average of $228.70.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company's revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. As a group, equities research analysts expect that SAP will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Large investors have recently made changes to their positions in the stock. First PREMIER Bank acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC boosted its holdings in shares of SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker's stock valued at $26,000 after buying an additional 69 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker's stock valued at $26,000 after buying an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $27,000. Finally, Copia Wealth Management acquired a new stake in shares of SAP in the 3rd quarter valued at approximately $28,000.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.