SAP (SAP) PT Raised to $150.00 at JMP Securities

SAP (NYSE:SAP) had its target price hoisted by analysts at JMP Securities from $131.00 to $150.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “market outperform” rating on the software maker’s stock. JMP Securities’ target price would indicate a potential upside of 17.67% from the company’s current price.

A number of other research firms also recently issued reports on SAP. Stifel Nicolaus reissued a “hold” rating and issued a $118.00 price objective on shares of SAP in a report on Thursday. ValuEngine raised shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $135.00 price target (up previously from $115.00) on shares of SAP in a report on Thursday. Royal Bank of Canada upped their price target on shares of SAP to $133.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Morgan Stanley reaffirmed a “neutral” rating on shares of SAP in a report on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. SAP currently has a consensus rating of “Buy” and an average price target of $121.50.

NYSE SAP opened at $127.48 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $156.61 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02. SAP has a 12-month low of $94.81 and a 12-month high of $130.16.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.94 billion. SAP had a net margin of 16.44% and a return on equity of 16.47%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, research analysts forecast that SAP will post 5.02 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of SAP. Bank of Montreal Can increased its position in SAP by 7.2% during the 1st quarter. Bank of Montreal Can now owns 103,590 shares of the software maker’s stock worth $11,961,000 after purchasing an additional 6,949 shares in the last quarter. Enterprise Financial Services Corp increased its position in SAP by 39.1% during the 1st quarter. Enterprise Financial Services Corp now owns 491 shares of the software maker’s stock worth $57,000 after purchasing an additional 138 shares in the last quarter. Private Capital Group LLC increased its position in SAP by 9.8% during the 1st quarter. Private Capital Group LLC now owns 2,650 shares of the software maker’s stock worth $306,000 after purchasing an additional 237 shares in the last quarter. Grove Bank & Trust acquired a new position in SAP during the 1st quarter worth approximately $209,000. Finally, Camarda Financial Advisors LLC acquired a new position in SAP during the 1st quarter worth approximately $28,000. 4.57% of the stock is 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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Analyst Recommendations for SAP (NYSE:SAP)

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