SAP SE (NYSE:SAP) Receives $281.67 Consensus Target Price from Analysts

Key Points

• SAP SE has received a consensus recommendation of "Buy" from analysts, with eleven rating it as a buy and one as a strong buy, suggesting positive market sentiment.
• The average twelve-month price target for SAP stock among analysts is $281.67, indicating potential growth opportunities for investors.
• In its latest earnings report, SAP surpassed estimates with $1.70 EPS and $10.58 billion in revenue, reflecting an 8.9% year-over-year revenue increase.

SAP SE (NYSE:SAP - Get Free Report) has received a consensus recommendation of "Buy" from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $281.6667.

Several analysts have recently weighed in on SAP shares. BMO Capital Markets lifted their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a report on Friday, May 2nd. Argus reissued a "buy" rating and set a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, June 17th. They set an "overweight" rating on the stock. Finally, JMP Securities boosted their price objective on shares of SAP from $330.00 to $375.00 and gave the stock a "market outperform" rating in a report on Wednesday, July 23rd.

SAP Stock Performance

Shares of NYSE:SAP traded down $0.37 during midday trading on Monday, hitting $278.54. The stock had a trading volume of 254,425 shares, compared to its average volume of 1,350,867. The company has a market capitalization of $342.19 billion, a PE ratio of 46.16, a P/E/G ratio of 4.01 and a beta of 1.27. The stock has a 50 day moving average price of $295.84 and a two-hundred day moving average price of $285.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP has a 1 year low of $210.38 and a 1 year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, equities analysts predict that SAP will post 6.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG raised its position in SAP by 41.3% during the fourth quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after acquiring an additional 1,396 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in SAP during the first quarter worth about $1,580,000. Hennion & Walsh Asset Management Inc. acquired a new position in SAP during the first quarter worth about $790,000. Alliancebernstein L.P. raised its position in SAP by 15.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,271 shares of the software maker's stock worth $313,000 after acquiring an additional 172 shares during the last quarter. Finally, TD Asset Management Inc raised its position in SAP by 3.8% during the first quarter. TD Asset Management Inc now owns 1,662,809 shares of the software maker's stock worth $446,364,000 after acquiring an additional 60,261 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.