SAP (NYSE:SAP) Stock Price Expected to Rise, Barclays Analyst Says

SAP (NYSE:SAP) had its price target increased by analysts at Barclays from $275.00 to $283.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s target price points to a potential upside of 2.39% from the stock’s previous close.

SAP has been the subject of several other research reports. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. JMP Securities boosted their target price on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and a consensus price target of $264.50.

SAP Stock Performance

SAP stock opened at $276.41 on Thursday. SAP has a 12-month low of $172.32 and a 12-month high of $277.36. The company has a market capitalization of $339.56 billion, a price-to-earnings ratio of 110.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s fifty day moving average price is $248.64 and its 200 day moving average price is $229.78.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently modified their holdings of the business. Optas LLC grew its position in shares of SAP by 4.9% during the 4th quarter. Optas LLC now owns 3,276 shares of the software maker’s stock valued at $807,000 after buying an additional 154 shares during the last quarter. Jennison Associates LLC acquired a new position in SAP during the 4th quarter valued at about $47,195,000. Resonant Capital Advisors LLC boosted its stake in SAP by 6.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 1,600 shares of the software maker’s stock valued at $394,000 after purchasing an additional 94 shares during the period. Brentview Investment Management LLC acquired a new position in SAP during the 4th quarter valued at about $238,000. Finally, Catalina Capital Group LLC acquired a new position in SAP during the 4th quarter valued at about $204,000.

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.