SAP SE (NYSE:SAP)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $86.11, but opened at $87.20. SAP SE shares last traded at $88.86, with a volume of 427,443 shares trading hands.

SAP has been the subject of several research analyst reports. Evercore ISI lowered shares of SAP SE from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Credit Suisse Group AG reaffirmed a “hold” rating on shares of SAP SE in a research note on Friday, June 3rd. Jefferies Group lowered shares of SAP SE from a “hold” rating to an “underperform” rating in a research note on Monday, June 13th. Zacks Investment Research lowered shares of SAP SE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, Cowen and Company initiated coverage on shares of SAP SE in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $93.00 target price for the company. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $82.75.

The firm’s 50-day moving average is $85.48 and its 200-day moving average is $80.09. The company has a market cap of $106.33 billion and a PE ratio of 26.27.

SAP SE (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Equities analysts anticipate that SAP SE will post $4.35 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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