SAP (NYSE:SAP) Price Target Increased to $275.00 by Analysts at Barclays

SAP (NYSE:SAP) had its target price raised by Barclays from $252.00 to $275.00 in a report issued on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

Several other equities research analysts have also commented on SAP. JMP Securities upped their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday. TD Cowen increased their price target on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday. Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets upped their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Up 1.0 %

Shares of SAP stock opened at $234.60 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. SAP has a 12-month low of $130.63 and a 12-month high of $237.72. The stock has a market capitalization of $288.21 billion, a P/E ratio of 50.89, a P/E/G ratio of 4.37 and a beta of 1.25. The firm’s 50 day moving average is $222.71 and its 200 day moving average is $204.27.

SAP (NYSE:SAP) last released its quarterly 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 analysts’ expectations of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. Research analysts expect that SAP will post 4.84 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently bought and sold shares of the business. LRI Investments LLC bought a new position in shares of SAP in the first quarter worth about $25,000. Godsey & Gibb Inc. purchased a new stake in SAP during the 3rd quarter valued at approximately $25,000. POM Investment Strategies LLC grew its holdings in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of SAP during the first quarter worth $29,000.

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.