SAP (NYSE:SAP) Given New $240.00 Price Target at TD Cowen

SAP (NYSE:SAP) had its price target upped by equities researchers at TD Cowen from $234.00 to $240.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. TD Cowen’s price objective would indicate a potential upside of 2.30% from the company’s current price.

Several other equities research analysts have also weighed in on SAP. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays lifted their target price on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. 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 note on Tuesday. Finally, Argus upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Up 1.0 %

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

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The firm 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 quarterly 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 EPS. Research analysts expect that SAP will post 4.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Large investors have recently added to or reduced their stakes in the business. Modera Wealth Management LLC raised its position in shares of SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after buying an additional 50 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after purchasing an additional 51 shares in the last quarter. RFP Financial Group LLC lifted its stake in SAP by 17.5% during the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after purchasing an additional 62 shares during the last quarter.

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.