SAP SE (SAP) Receives $115.90 Consensus PT from Analysts
Shares of SAP SE (NYSE:SAP) have earned a consensus recommendation of “Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $115.90.
Several equities analysts recently commented on SAP shares. Royal Bank of Canada restated a “neutral” rating on shares of SAP in a research note on Friday, February 8th. DZ Bank restated a “buy” rating on shares of SAP in a research note on Thursday, May 2nd. Morgan Stanley restated a “neutral” rating on shares of SAP in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Monday, February 4th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $135.00 price target (up from $115.00) on shares of SAP in a research note on Thursday, April 25th.
A number of institutional investors and hedge funds have recently bought and sold shares of SAP. Ellis Investment Partners LLC bought a new stake in SAP during the first quarter worth about $25,000. Financial Gravity Wealth Inc. bought a new stake in SAP during the first quarter worth about $26,000. Horan Capital Advisors LLC. bought a new stake in SAP during the first quarter worth about $27,000. Camarda Financial Advisors LLC bought a new stake in SAP during the first quarter worth about $28,000. Finally, Motco bought a new stake in SAP during the first quarter worth about $31,000. 4.58% of the stock is owned by institutional investors and hedge funds.
SAP (NYSE:SAP) last released its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. SAP had a net margin of 12.81% and a return on equity of 15.70%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted $0.73 earnings per share. SAP’s revenue was up 16.3% compared to the same quarter last year. On average, analysts forecast that SAP will post 4.56 EPS for the current year.
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 17th will be given a dividend of $1.6961 per share. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.51%. SAP’s dividend payout ratio is 26.27%.
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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