BMO Capital Markets Forecasts Strong Price Appreciation for SAP (NYSE:SAP) Stock

SAP (NYSE:SAP) had its price objective increased by BMO Capital Markets from $265.00 to $307.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

SAP has been the topic of several other reports. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a report on Wednesday. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Finally, Barclays lifted their price target on SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP has an average rating of “Buy” and a consensus target price of $290.40.

SAP Stock Performance

NYSE SAP opened at $276.87 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $251.29 and its two-hundred day moving average is $231.70. The stock has a market capitalization of $340.13 billion, a price-to-earnings ratio of 110.75, a PEG ratio of 3.89 and a beta of 1.22. SAP has a 12-month low of $173.05 and a 12-month high of $279.14.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. Research analysts expect that SAP will post 4.64 EPS for the current year.

Hedge Funds Weigh In On SAP

A number of institutional investors have recently modified their holdings of SAP. Godsey & Gibb Inc. purchased a new stake in SAP in the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP during the fourth quarter worth $27,000. Albion Financial Group UT grew its position in shares of SAP by 122.4% in the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the period. Brooklyn Investment Group purchased a new stake in shares of SAP in the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new position in SAP in the third quarter valued at $47,000.

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.