Royal Bank Of Canada Raises SAP SE (SAP) Price Target to $95.00
Several other equities research analysts have also weighed in on SAP. Credit Suisse Group AG reissued a hold rating on shares of SAP SE in a report on Friday, June 3rd. Jefferies Group lowered SAP SE from a hold rating to an underperform rating in a report on Monday, June 13th. Zacks Investment Research lowered SAP SE from a strong-buy rating to a hold rating in a report on Wednesday, June 15th. Cowen and Company began coverage on SAP SE in a report on Thursday, June 23rd. They set an outperform rating and a $93.00 target price for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a buy rating on shares of SAP SE in a report on Thursday, June 30th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $84.42.
Shares of SAP SE (NYSE:SAP) opened at 90.57 on Friday. The company has a market cap of $108.52 billion, a PE ratio of 27.12 and a beta of 1.43. The company’s 50-day moving average is $89.09 and its 200 day moving average is $82.21. SAP SE has a 52-week low of $66.67 and a 52-week high of $92.76.
SAP SE (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. On average, analysts anticipate that SAP SE will post $4.37 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of SAP SE during the second quarter valued at $71,262,000. Crawford Investment Counsel Inc. increased its stake in shares of SAP SE by 283.2% in the second quarter. Crawford Investment Counsel Inc. now owns 437,198 shares of the company’s stock valued at $32,799,000 after buying an additional 323,104 shares during the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of SAP SE during the first quarter valued at $14,844,000. Renaissance Technologies LLC bought a new stake in shares of SAP SE during the first quarter valued at $13,663,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of SAP SE during the second quarter valued at $20,367,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
About SAP SE
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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