Jefferies Financial Group reissued their buy rating on shares of SAP (NYSE:SAP) in a research note released on Tuesday morning, Stock Target Advisor reports. The brokerage currently has a $140.00 target price on the software maker’s stock.
Several other research firms have also recently weighed in on SAP. Oddo Bhf reissued a neutral rating and issued a $110.00 price target on shares of SAP in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reaffirmed a buy rating and set a $135.00 target price on shares of SAP in a report on Tuesday. Credit Suisse Group reaffirmed a buy rating and set a $132.00 target price on shares of SAP in a report on Monday, October 21st. Independent Research reaffirmed a neutral rating and set a $123.00 target price on shares of SAP in a report on Thursday, October 17th. Finally, Goldman Sachs Group reaffirmed a buy rating and set a $150.00 target price on shares of SAP in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $127.24.
SAP stock opened at $136.44 on Tuesday. The stock has a market cap of $159.42 billion, a P/E ratio of 30.12, a P/E/G ratio of 2.81 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.45. SAP has a twelve month low of $94.81 and a twelve month high of $140.62. The company’s 50-day moving average price is $125.15 and its two-hundred day moving average price is $125.81.
SAP (NYSE:SAP) last released its quarterly earnings results on Monday, October 21st. The software maker reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The firm had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.78 billion. SAP had a net margin of 12.62% and a return on equity of 16.12%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Equities analysts anticipate that SAP will post 4.46 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in SAP. Jennison Associates LLC boosted its position in shares of SAP by 524.2% during the 2nd quarter. Jennison Associates LLC now owns 3,041,540 shares of the software maker’s stock worth $416,083,000 after acquiring an additional 2,554,263 shares in the last quarter. UBS Group AG boosted its position in shares of SAP by 181.8% during the 2nd quarter. UBS Group AG now owns 1,653,111 shares of the software maker’s stock worth $226,146,000 after acquiring an additional 1,066,406 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of SAP during the 2nd quarter worth approximately $76,517,000. Fisher Asset Management LLC boosted its position in shares of SAP by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 7,412,071 shares of the software maker’s stock worth $1,013,971,000 after acquiring an additional 256,923 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SAP by 28.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,118 shares of the software maker’s stock worth $71,699,000 after acquiring an additional 117,443 shares in the last quarter. 5.02% of the stock is currently owned by institutional investors.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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