Kepler Capital Markets Upgrades SAP (NYSE:SAP) to Buy

SAP (NYSE:SAP) was upgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat.com reports.

A number of other equities analysts have also weighed in on SAP. Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen upped their price objective on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities lifted their target price on SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their target price on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.33.

SAP Stock Up 0.0 %

Shares of SAP stock opened at $261.79 on Wednesday. SAP has a 1 year low of $155.82 and a 1 year high of $262.87. 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 company has a market capitalization of $321.61 billion, a P/E ratio of 104.72, a price-to-earnings-growth ratio of 3.56 and a beta of 1.22. The business has a 50-day moving average of $244.74 and a two-hundred day moving average of $227.23.

SAP (NYSE:SAP) last announced 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 company 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 last year, the business posted $1.20 earnings per share. As a group, equities analysts predict that SAP will post 4.66 EPS for the current year.

Institutional Investors Weigh In On SAP

Several large investors have recently made changes to their positions in SAP. Davies Financial Advisors Inc. bought a new stake in SAP during the fourth quarter worth $336,000. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of SAP by 3.4% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,139 shares of the software maker’s stock valued at $1,265,000 after purchasing an additional 168 shares during the period. Ballentine Partners LLC lifted its stake in SAP by 12.7% in the 4th quarter. Ballentine Partners LLC now owns 7,216 shares of the software maker’s stock valued at $1,777,000 after purchasing an additional 813 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in SAP by 7.7% during the fourth quarter. Pure Financial Advisors LLC now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 78 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in SAP by 13.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $259,000 after buying an additional 122 shares during the last quarter.

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.