SAP SE (NYSE:SAP) shares gapped up before the market opened on Monday . The stock had previously closed at $87.91, but opened at $88.47. SAP SE shares last traded at $89.64, with a volume of 535,900 shares trading hands.

SAP has been the topic of a number of analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, June 30th. Barclays PLC reissued an “overweight” rating and set a $105.00 target price on shares of SAP SE in a research note on Tuesday, August 30th. Evercore ISI downgraded SAP SE from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Morgan Stanley reissued a “buy” rating on shares of SAP SE in a research note on Monday, July 18th. Finally, Zacks Investment Research downgraded SAP SE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.75.

The firm has a market capitalization of $107.41 billion and a P/E ratio of 26.73. The stock’s 50-day moving average price is $86.33 and its 200-day moving average price is $80.27.

SAP SE (NYSE:SAP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. On average, equities analysts expect 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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