SAP SE (NYSE:SAP) Receives $263.17 Average Target Price from Analysts

SAP SE (NYSE:SAP) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $264.50.

Several research firms have weighed in on SAP. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Barclays increased their price target on shares of SAP from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and increased their price target for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on shares of SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently modified their holdings of SAP. Foster Group Inc. boosted its position in shares of SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during the period. Wedmont Private Capital lifted its position in SAP by 2.4% during the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock worth $485,000 after purchasing an additional 46 shares during the period. Confluence Investment Management LLC lifted its position in SAP by 1.1% during the fourth quarter. Confluence Investment Management LLC now owns 4,325 shares of the software maker’s stock worth $1,065,000 after purchasing an additional 49 shares during the period. PDS Planning Inc lifted its position in SAP by 1.3% during the third quarter. PDS Planning Inc now owns 3,994 shares of the software maker’s stock worth $915,000 after purchasing an additional 51 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in SAP by 5.0% during the third quarter. Rosenberg Matthew Hamilton now owns 1,100 shares of the software maker’s stock worth $252,000 after purchasing an additional 52 shares during the period.

SAP Stock Up 0.4 %

SAP stock opened at $276.41 on Thursday. SAP has a 52-week low of $172.32 and a 52-week high of $277.36. The company’s 50 day simple moving average is $249.60 and its 200-day simple moving average is $230.29. 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 firm has a market capitalization of $339.56 billion, a P/E ratio of 110.56, a P/E/G ratio of 3.89 and a beta of 1.22.

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.