SAP (NYSE:SAP) Hits New 1-Year High on Analyst Upgrade

Shares of SAP SE (NYSE:SAP) reached a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $283.00 to $286.00. Barclays currently has an overweight rating on the stock. SAP traded as high as $278.53 and last traded at $278.23, with a volume of 9783 shares changing hands. The stock had previously closed at $273.79.

A number of other equities research analysts have also recently commented on SAP. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research note on Friday, January 17th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $248.83.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently modified their holdings of the business. Godsey & Gibb Inc. purchased a new position in SAP in the 3rd quarter worth approximately $25,000. Union Bancaire Privee UBP SA purchased a new position in SAP during the fourth quarter worth approximately $27,000. Albion Financial Group UT boosted its stake in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares during the last quarter. Brooklyn Investment Group purchased a new stake in SAP in the 3rd quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of SAP in the 3rd quarter worth $47,000.

SAP Stock Performance

The firm has a fifty day moving average price of $252.13 and a 200 day moving average price of $232.02. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm has a market cap of $343.33 billion, a PE ratio of 111.79, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 8.15% and a return on equity of 11.44%. As a group, equities research analysts expect that SAP SE will post 4.64 earnings per share for the current fiscal 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.