SAP (NYSE:SAP) Receives "Buy" Rating from Argus

SAP (NYSE:SAP - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Argus in a note issued to investors on Tuesday,Benzinga reports. They currently have a $320.00 price target on the software maker's stock. Argus' price target indicates a potential upside of 6.43% from the company's current price.

Other research analysts have also issued reports about the stock. TD Cowen upgraded shares of SAP from a "hold" rating to a "buy" rating and upped their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets increased their target price on SAP from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Barclays restated an "overweight" rating and set a $308.00 price target (up from $286.00) on shares of SAP in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $264.00.

SAP Trading Up 4.1 %

Shares of SAP stock traded up $11.74 during mid-day trading on Tuesday, reaching $300.67. The stock had a trading volume of 1,117,883 shares, compared to its average volume of 1,011,971. The firm has a market capitalization of $369.37 billion, a PE ratio of 104.92, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. The stock's 50-day moving average price is $268.13 and its two-hundred day moving average price is $258.29. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP has a 52-week low of $179.43 and a 52-week high of $301.16.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 12.18% and a net margin of 9.17%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. Equities analysts expect that SAP will post 6.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Several large investors have recently modified their holdings of SAP. Bartlett & CO. Wealth Management LLC increased its stake in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of SAP during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its position in shares of SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after acquiring an additional 66 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of SAP during the fourth quarter valued at approximately $27,000. Finally, Rakuten Securities Inc. raised its holdings in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after acquiring an additional 108 shares during the last quarter.

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.