SAP (NYSE:SAP) Sets New 52-Week High After Analyst Upgrade

SAP SE (NYSE:SAP)’s share price reached a new 52-week high during mid-day trading on Tuesday after TD Cowen raised their price target on the stock from $234.00 to $240.00. TD Cowen currently has a hold rating on the stock. SAP traded as high as $237.72 and last traded at $237.61, with a volume of 416003 shares trading hands. The stock had previously closed at $229.48.

Other research analysts also recently issued reports about the stock. JMP Securities upped their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday. BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays increased their price target on shares of SAP from $251.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.50.

Institutional Trading of SAP

Large investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in shares of SAP during the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of SAP during the 1st quarter worth approximately $25,000. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter worth approximately $25,000. POM Investment Strategies LLC grew its stake in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after acquiring an additional 116 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares in the last quarter.

SAP Stock Up 1.2 %

The company has a market capitalization of $285.41 billion, a P/E ratio of 50.39, a PEG ratio of 4.37 and a beta of 1.25. The firm’s 50 day moving average price is $222.27 and its two-hundred day moving average price is $204.05. 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 (NYSE:SAP) last issued its quarterly earnings results 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 the consensus estimate of $9.25 billion. SAP had a return on equity of 10.98% and a net margin of 7.74%. SAP’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. Equities research analysts forecast that SAP SE will post 4.84 EPS for the current year.

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.