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

Key Points

• SAP SE has received an average rating of "Buy" from thirteen research firms, with one hold rating, eleven buy ratings, and one strong buy rating.
• The stock's average 1-year price target among brokerages is $281.67, with recent increases from JMP Securities and BMO Capital Markets to $375.00 and $330.00, respectively.
• SAP reported $1.70 EPS for the last quarter, exceeding estimates of $1.63, along with a revenue of $10.58 billion, up 8.9% year-over-year.

Shares of SAP SE (NYSE:SAP - Get Free Report) have been assigned an average rating of "Buy" from the thirteen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $281.6667.

SAP has been the topic of a number of recent analyst reports. Wall Street Zen cut SAP from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Barclays restated an "overweight" rating and set a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Erste Group Bank cut SAP from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. Finally, Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock.

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAP. 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 buying an additional 82 shares during the last quarter. 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 buying an additional 66 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in SAP in the 2nd quarter valued at approximately $31,000. Founders Capital Management raised its position in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the last quarter. Finally, Motco raised its position in SAP by 400.0% in the 2nd quarter. Motco now owns 125 shares of the software maker's stock valued at $36,000 after buying an additional 100 shares during the last quarter.

SAP Trading Down 3.6%

SAP stock traded down $9.70 during mid-day trading on Friday, hitting $261.79. The stock had a trading volume of 1,274,516 shares, compared to its average volume of 1,371,370. The stock has a 50-day simple moving average of $286.67 and a two-hundred day simple moving average of $283.63. The stock has a market capitalization of $321.60 billion, a PE ratio of 43.35, a P/E/G ratio of 3.88 and a beta of 1.29. SAP has a 12 month low of $212.11 and a 12 month high of $313.28. 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 (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) 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 analysts' expectations of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. As a group, sell-side analysts forecast that SAP will post 6.55 EPS for the current year.

About SAP

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.