Barclays Cuts SAP (NYSE:SAP) Price Target to $210.00

SAP (NYSE:SAP) had its target price decreased by Barclays from $212.00 to $210.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective would indicate a potential upside of 12.19% from the company’s current price.

A number of other research firms have also issued reports on SAP. StockNews.com lowered shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. The Goldman Sachs Group raised their target price on shares of SAP from $185.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets raised their target price on shares of SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the company a “market outperform” rating in a research note on Tuesday. Two investment 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 a consensus price target of $201.60.

SAP Price Performance

Shares of SAP traded down $0.83 during mid-day trading on Wednesday, hitting $187.18. 533,652 shares of the company’s stock were exchanged, compared to its average volume of 760,311. The firm has a fifty day moving average of $187.41 and a two-hundred day moving average of $165.13. SAP has a twelve month low of $126.75 and a twelve month high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40.

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

Hedge Funds Weigh In On SAP

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BSW Wealth Partners bought a new position in shares of SAP during the 1st quarter worth about $211,000. Community Financial Services Group LLC bought a new position in shares of SAP during the 1st quarter worth about $388,000. Summit Trail Advisors LLC lifted its holdings in shares of SAP by 10.5% during the 1st quarter. Summit Trail Advisors LLC now owns 2,309 shares of the software maker’s stock worth $450,000 after acquiring an additional 220 shares during the period. Stablepoint Partners LLC lifted its holdings in shares of SAP by 11.3% during the 1st quarter. Stablepoint Partners LLC now owns 8,121 shares of the software maker’s stock worth $1,584,000 after acquiring an additional 826 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of SAP by 1.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,196 shares of the software maker’s stock worth $2,574,000 after acquiring an additional 246 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.