SAP SE (SAP) Reaches New 1-Year High at $87.87
Shares of SAP SE (NYSE:SAP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.87 and last traded at $87.24, with a volume of 852,732 shares changing hands. The stock had previously closed at $85.87.
Several analysts have issued reports on the company. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a report on Monday, July 11th. Zacks Investment Research raised SAP SE from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group reissued a “hold” rating on shares of SAP SE in a report on Thursday, August 4th. BMO Capital Markets boosted their price target on SAP SE from $84.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, April 21st. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $37.00 price target on shares of SAP SE in a report on Wednesday, August 3rd. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $82.75.
The firm has a market cap of $105.05 billion and a PE ratio of 26.45. The company’s 50-day moving average price is $80.91 and its 200-day moving average price is $78.99.
SAP SE (NYSE:SAP) last posted its earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. Equities analysts forecast that SAP SE will post $4.33 EPS for the current year.
Several large investors have bought and sold shares of SAP. Dimensional Fund Advisors LP boosted its stake in SAP SE by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,536 shares of the company’s stock worth $8,664,000 after buying an additional 747 shares during the period. Suntrust Banks Inc. boosted its stake in SAP SE by 202.5% in the fourth quarter. Suntrust Banks Inc. now owns 62,633 shares of the company’s stock worth $4,952,000 after buying an additional 41,931 shares during the period. Finally, Aberdeen Asset Management PLC UK acquired a new stake in SAP SE during the fourth quarter worth approximately $4,721,000.
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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