SAP SE (SAP) Rating Reiterated by DZ Bank AG
SAP SE (NYSE:SAP)‘s stock had its “buy” rating restated by equities research analysts at DZ Bank AG in a report released on Wednesday.
Several other research analysts have also weighed in on the company. HSBC reaffirmed a “buy” rating on shares of SAP SE in a research report on Tuesday, October 4th. RBC Capital Markets reiterated a “hold” rating and set a $95.00 target price on shares of SAP SE in a research note on Friday, September 30th. Royal Bank Of Canada lifted their target price on SAP SE to $95.00 and gave the stock a “sector perform” rating in a research note on Friday, September 30th. Deutsche Bank AG reiterated a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Finally, Barclays PLC reiterated an “overweight” rating and set a $105.00 target price on shares of SAP SE in a research note on Tuesday, August 30th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. SAP SE has a consensus rating of “Buy” and a consensus price target of $84.42.
SAP SE (NYSE:SAP) opened at 87.24 on Wednesday. The firm has a market capitalization of $104.53 billion, a price-to-earnings ratio of 26.30 and a beta of 1.43. The firm’s 50-day moving average price is $89.37 and its 200 day moving average price is $82.64. SAP SE has a 1-year low of $71.39 and a 1-year high of $92.76.
SAP SE (NYSE:SAP) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ 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 predict that SAP SE will post $4.37 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in SAP SE by 1.6% in the first quarter. Royal Bank of Canada now owns 556,270 shares of the company’s stock worth $44,735,000 after buying an additional 8,906 shares during the period. Harding Loevner LP boosted its position in SAP SE by 4.0% in the third quarter. Harding Loevner LP now owns 5,104,602 shares of the company’s stock worth $466,612,000 after buying an additional 196,527 shares during the period. UBS Asset Management Americas Inc. boosted its position in SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock worth $7,078,000 after buying an additional 50,133 shares during the period. Pittenger & Anderson Inc. boosted its position in SAP SE by 23.5% in the second quarter. Pittenger & Anderson Inc. now owns 10,310 shares of the company’s stock worth $773,000 after buying an additional 1,960 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in SAP SE by 48.8% in the second quarter. JPMorgan Chase & Co. now owns 302,328 shares of the company’s stock worth $22,682,000 after buying an additional 99,121 shares during the period. 3.51% of the stock is owned by institutional investors.
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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