SAP SE (NYSE:SAP)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $89.69 and last traded at $89.49, with a volume of 317,625 shares traded. The stock had previously closed at $88.47.

SAP has been the subject of a number of research reports. Royal Bank Of Canada lifted their price target on SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Credit Suisse Group AG reiterated an “outperform” rating on shares of SAP SE in a research note on Friday, July 22nd. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target (down from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Cowen and Company initiated coverage on SAP SE in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $93.00 target price for the company. Finally, DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Thursday, July 14th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. SAP SE currently has a consensus rating of “Buy” and a consensus price target of $82.75.

The company has a market cap of $107.30 billion and a P/E ratio of 26.51. The stock’s 50-day moving average is $86.04 and its 200-day moving average is $80.21.

SAP SE (NYSE:SAP) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Equities analysts forecast that SAP SE will post $4.35 EPS for the current fiscal 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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