JMP Securities Boosts SAP (NYSE:SAP) Price Target to $220.00

SAP (NYSE:SAP) had its price target boosted by investment analysts at JMP Securities from $204.00 to $220.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the software maker’s stock. JMP Securities’ price target suggests a potential upside of 23.47% from the stock’s current price.

Several other equities analysts have also issued reports on SAP. StockNews.com lowered SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays increased their price objective on SAP from $189.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. KeyCorp started coverage on SAP in a report on Thursday, March 21st. They set an “overweight” rating for the company. Finally, The Goldman Sachs Group increased their price objective on SAP from $185.00 to $207.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $202.00.

SAP Price Performance

SAP stock opened at $178.18 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $187.13 and a 200-day moving average of $164.72. SAP has a 12-month low of $126.75 and a 12-month high of $199.29.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 23rd. The software maker reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.17). The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. On average, sell-side analysts predict that SAP will post 4.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Institutional investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the first quarter worth $25,000. Sunbelt Securities Inc. purchased a new stake in shares of SAP during the first quarter worth $29,000. Adirondack Trust Co. lifted its position in shares of SAP by 121.1% during the fourth quarter. Adirondack Trust Co. now owns 199 shares of the software maker’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of SAP during the fourth quarter worth $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of SAP during the fourth quarter worth $33,000.

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.