SAP SE (NYSE:SAP) Receives $284.33 Consensus Target Price from Analysts

Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Buy” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $284.3333.

A number of research firms have recently issued reports on SAP. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Cowen reissued a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of SAP in a research report on Thursday, December 11th. Argus reiterated a “buy” rating and issued a $320.00 price objective on shares of SAP in a report on Friday, October 24th. Finally, Arete Research upgraded SAP to a “strong-buy” rating in a report on Thursday, December 11th.

SAP Price Performance

Shares of NYSE SAP opened at $244.22 on Friday. The company has a market capitalization of $300.02 billion, a PE ratio of 36.56, a PEG ratio of 3.47 and a beta of 1.19. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $253.46 and its 200-day moving average price is $273.89. SAP has a twelve month low of $233.51 and a twelve month high of $313.28.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.17. The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. On average, equities analysts anticipate that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. First PREMIER Bank bought a new stake in SAP during the 3rd quarter valued at about $25,000. Retirement Wealth Solutions LLC grew its holdings in shares of SAP by 246.4% during the third 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. Abich Financial Wealth Management LLC bought a new stake in shares of SAP during the third quarter valued at approximately $27,000. Copia Wealth Management purchased a new position in SAP in the 3rd quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in SAP in the 2nd quarter valued at approximately $31,000.

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.