SAP (NYSE:SAP) Price Target Increased to $220.00 by Analysts at JMP Securities

SAP (NYSE:SAP) had its price target boosted by equities researchers at JMP Securities from $204.00 to $220.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the software maker’s stock. JMP Securities’ price target would suggest a potential upside of 16.96% from the stock’s previous close.

Several other research firms have also recently commented on SAP. The Goldman Sachs Group lifted their target price on shares of SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Barclays lifted their target price on shares of SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. StockNews.com cut shares of SAP from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group raised shares of SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, KeyCorp began coverage on shares of SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.60.

SAP Stock Up 0.0 %

Shares of SAP opened at $188.10 on Tuesday. SAP has a 52 week low of $126.75 and a 52 week high of $199.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $187.62 and a 200-day moving average of $165.29.

SAP (NYSE:SAP) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. As a group, research analysts forecast that SAP will post 4.77 EPS for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of hedge funds and other institutional investors have recently bought and sold shares of SAP. Northwest Investment Counselors LLC bought a new position in shares of SAP in the first quarter worth $25,000. Column Capital Advisors LLC increased its holdings in shares of SAP by 121.0% in the third quarter. Column Capital Advisors LLC now owns 221 shares of the software maker’s stock worth $29,000 after purchasing an additional 121 shares during the period. Sunbelt Securities Inc. bought a new position in shares of SAP in the first quarter worth $29,000. Wetzel Investment Advisors Inc. bought a new position in shares of SAP in the fourth quarter worth $31,000. Finally, Adirondack Trust Co. increased its holdings in shares of SAP by 121.1% in the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after purchasing an additional 109 shares during the period.

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.