SAP SE (NYSE:SAP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $88.55 and last traded at $87.23, with a volume of 459,240 shares changing hands. The stock had previously closed at $87.39.

Several research firms recently commented on SAP. Zacks Investment Research lowered shares of SAP SE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 15th. Royal Bank Of Canada increased their target price on shares of SAP SE from $78.00 to $85.00 and gave the company a “sector perform” rating in a report on Thursday, July 21st. Evercore ISI lowered shares of SAP SE from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a report on Wednesday, July 20th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of SAP SE in a report on Thursday, June 30th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $82.75.

The stock’s 50-day moving average price is $84.54 and its 200 day moving average price is $79.72. The firm has a market capitalization of $104.30 billion and a P/E ratio of 25.77.

SAP SE (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. Equities analysts anticipate that SAP SE will post $4.42 earnings per share for the current year.

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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