Brokerages Set SAP SE (NYSE:SAP) Price Target at $305.75

SAP SE (NYSE:SAP) has received an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $305.75.

SAP has been the subject of several analyst reports. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. HSBC upgraded shares of SAP to a “hold” rating in a research report on Tuesday, January 20th. TD Cowen restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Finally, Piper Sandler started coverage on SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company.

SAP Stock Up 0.1%

Shares of SAP opened at $196.24 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. SAP has a 12 month low of $187.93 and a 12 month high of $313.28. The firm’s 50 day moving average is $221.26 and its 200-day moving average is $246.05. The stock has a market capitalization of $241.08 billion, a PE ratio of 27.84, a P/E/G ratio of 2.17 and a beta of 1.18.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $9.77 billion. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. Equities research analysts forecast that SAP will post 6.55 EPS for the current year.

Hedge Funds Weigh In On SAP

Several large investors have recently modified their holdings of SAP. First PREMIER Bank acquired a new stake in SAP during the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC boosted its position in shares of SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares in the last quarter. Sound Income Strategies LLC grew its position in SAP by 109.4% in the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the period. Abich Financial Wealth Management LLC bought a new stake in SAP during the 3rd quarter valued at $27,000. Finally, Copia Wealth Management bought a new position in SAP in the 3rd quarter valued at about $28,000.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.