SAP (NYSE:SAP) Upgraded to “Buy” at Kepler Capital Markets

Kepler Capital Markets upgraded shares of SAP (NYSE:SAP) from a hold rating to a buy rating in a report published on Wednesday, MarketBeat.com reports.

A number of other brokerages have also commented on SAP. JMP Securities boosted their price objective on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. TD Cowen increased their price target on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their target price on shares of SAP from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP currently has an average rating of “Buy” and an average price target of $263.17.

SAP Price Performance

SAP stock opened at $262.74 on Wednesday. The company has a fifty day moving average price of $245.17 and a 200-day moving average price of $227.47. SAP has a 52-week low of $158.94 and a 52-week high of $264.71. The company has a market capitalization of $322.77 billion, a P/E ratio of 105.09, a PEG ratio of 3.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10.

SAP (NYSE:SAP) last released its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.44% and a net margin of 8.15%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, equities analysts expect that SAP will post 4.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAP. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter valued at approximately $25,000. Albion Financial Group UT lifted its position in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of SAP during the 3rd quarter worth $42,000. Prospera Private Wealth LLC purchased a new stake in SAP in the 3rd quarter worth about $47,000. Finally, Financial Management Professionals Inc. raised its stake in SAP by 104.0% in the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock valued at $50,000 after acquiring an additional 103 shares during the period.

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.