SAP (NYSE:SAP) Given Outperform Rating at Royal Bank of Canada

SAP (NYSE:SAP)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They presently have a $38.00 price target on the software maker’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 86.40% from the stock’s previous close.

Several other equities analysts also recently commented on the company. 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 research report on Friday, January 17th. Kepler Capital Markets upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their target price on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, SAP has a consensus rating of “Buy” and an average price target of $248.83.

SAP Stock Up 0.9 %

SAP stock traded up $2.49 during mid-day trading on Thursday, reaching $279.32. The company had a trading volume of 525,144 shares, compared to its average volume of 1,075,070. The company has a market capitalization of $343.14 billion, a price-to-earnings ratio of 111.73, a PEG ratio of 3.89 and a beta of 1.22. SAP has a 52 week low of $173.05 and a 52 week high of $280.53. The stock has a 50 day simple moving average of $252.13 and a two-hundred day simple moving average of $232.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 11.44% and a net margin of 8.15%. As a group, equities analysts predict that SAP will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its holdings in SAP by 7.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,726 shares of the software maker’s stock worth $671,000 after buying an additional 180 shares during the last quarter. Roman Butler Fullerton & Co. boosted its holdings in SAP by 8.6% in the 4th quarter. Roman Butler Fullerton & Co. now owns 2,345 shares of the software maker’s stock worth $577,000 after buying an additional 185 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in SAP by 127.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,155 shares of the software maker’s stock worth $13,166,000 after purchasing an additional 30,361 shares in the last quarter. Certuity LLC grew its stake in SAP by 13.6% during the fourth quarter. Certuity LLC now owns 1,820 shares of the software maker’s stock valued at $448,000 after acquiring an additional 218 shares in the last quarter. Finally, Portfolio Design Labs LLC bought a new stake in SAP during the 4th quarter worth approximately $328,000.

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.