SAP SE (NYSE:SAP) Receives Average Recommendation of "Buy" from Analysts

Key Points

• SAP SE has received an average analyst rating of "Buy" from seventeen research firms, with one analyst giving a strong buy, and a 12-month price target averaging $284.33.
• The company reported earnings of $1.86 per share for the last quarter, exceeding expectations and reflecting a 7.2% year-over-year revenue increase.
• Several firms, including Argus and Barclays, have set target prices above $320, with Barclays increasing its target to $348.

Shares of SAP SE (NYSE:SAP - Get Free Report) have earned an average rating of "Buy" from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $284.3333.

Several equities analysts recently issued reports on SAP shares. Argus reissued a "buy" rating and set a $320.00 target price on shares of SAP in a research note on Friday. BMO Capital Markets decreased their target price on SAP from $330.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday. KeyCorp reissued an "overweight" rating on shares of SAP in a research note on Thursday. Morgan Stanley reissued an "overweight" rating on shares of SAP in a research note on Tuesday, August 5th. Finally, Barclays increased their target price on SAP from $322.00 to $348.00 and gave the stock an "overweight" rating in a research note on Friday.

SAP Stock Performance

Shares of SAP stock opened at $269.11 on Friday. The business's fifty day simple moving average is $269.42 and its 200-day simple moving average is $283.19. SAP has a 52 week low of $227.52 and a 52 week high of $313.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $330.61 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 4.12 and a beta of 1.28.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.87% and a net margin of 19.50%.The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $1.23 EPS. SAP's revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that SAP will post 6.55 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Hedge funds have recently bought and sold shares of the stock. First PREMIER Bank acquired a new stake in SAP in the 3rd quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC raised its position in SAP by 585.7% in 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. Retirement Wealth Solutions LLC raised its position in 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 purchasing an additional 69 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in SAP in the 2nd quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV raised its position in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after purchasing an additional 66 shares in 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.

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