SAP (NYSE:SAP) Price Target Raised to $218.00 at BMO Capital Markets

SAP (NYSE:SAP) had its target price upped by equities researchers at BMO Capital Markets from $215.00 to $218.00 in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage presently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ target price points to a potential upside of 17.79% from the stock’s current price.

A number of other equities analysts also recently commented on SAP. KeyCorp assumed coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Barclays cut their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Financial Group upgraded SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group raised their target price on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, JMP Securities raised their target price on SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $206.20.

SAP Price Performance

SAP stock opened at $185.08 on Friday. The stock’s 50-day moving average is $187.77 and its 200-day moving average is $165.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. SAP has a 12 month low of $126.75 and a 12 month high of $199.29.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $8.98 billion. SAP had a return on equity of 9.81% and a net margin of 15.76%. Equities research analysts anticipate that SAP will post 4.69 earnings per share for the current year.

Institutional Investors Weigh In On SAP

A number of hedge funds have recently bought and sold shares of the business. Mesirow Financial Investment Management Inc. acquired a new stake in SAP during the 1st quarter valued at approximately $389,000. Lindbrook Capital LLC grew its position in shares of SAP by 4.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,106 shares of the software maker’s stock worth $411,000 after acquiring an additional 86 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of SAP by 54.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,260 shares of the software maker’s stock worth $1,221,000 after acquiring an additional 2,200 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of SAP by 8.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,356 shares of the software maker’s stock worth $1,435,000 after acquiring an additional 596 shares in the last quarter. Finally, Verity & Verity LLC acquired a new position in shares of SAP in the 1st quarter worth approximately $35,000.

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.