SAP (NYSE:SAP) Hits New 1-Year High Following Analyst Upgrade

Shares of SAP SE (NYSE:SAP) hit a new 52-week high during trading on Tuesday after JMP Securities raised their price target on the stock from $245.00 to $300.00. JMP Securities currently has a market outperform rating on the stock. SAP traded as high as $237.72 and last traded at $237.61, with a volume of 416003 shares. The stock had previously closed at $229.48.

SAP has been the topic of a number of other research reports. Barclays boosted their target price on SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their target price on SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.17.

Institutional Investors Weigh In On SAP

Large investors have recently bought and sold shares of the stock. Godsey & Gibb Inc. purchased a new stake in SAP during the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of SAP in the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of SAP in the 1st quarter valued at about $25,000. POM Investment Strategies LLC increased its holdings in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares during the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter.

SAP Trading Up 2.9 %

The firm has a market cap of $290.16 billion, a PE ratio of 51.21, a P/E/G ratio of 4.37 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $221.85 and a 200 day moving average price of $203.77.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $9.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Analysts forecast that SAP SE will post 4.84 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.