SAP SE (SAP) Hits New 12-Month High at $89.69
SAP SE (NYSE:SAP) shares hit a new 52-week high on Friday . The stock traded as high as $89.69 and last traded at $89.49, with a volume of 317,625 shares. The stock had previously closed at $88.47.
Several research analysts recently weighed in on SAP shares. Morgan Stanley reaffirmed a “buy” rating on shares of SAP SE in a research report on Monday, July 11th. Jefferies Group downgraded SAP SE from a “hold” rating to an “underperform” rating in a report on Monday, June 13th. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target (down from $108.00) on shares of SAP SE in a report on Wednesday, July 6th. RBC Capital Markets reiterated a “sector perform” rating and issued a $85.00 price target (up from $78.00) on shares of SAP SE in a report on Sunday, July 24th. Finally, Berenberg Bank reiterated a “buy” rating on shares of SAP SE in a report on Tuesday, July 5th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. SAP SE has an average rating of “Buy” and an average price target of $82.75.
The stock has a 50-day moving average price of $86.33 and a 200 day moving average price of $80.27. The firm has a market cap of $107.41 billion and a PE ratio of 26.73.
SAP SE (NYSE:SAP) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. Equities analysts expect 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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