SAP SE (SAP) Receives Average Recommendation of “Buy” from Brokerages
Shares of SAP SE (NYSE:SAP) have earned an average rating of “Buy” from the twenty-three analysts that are covering the stock. Nine research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $84.33.
SAP has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on shares of SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. Credit Suisse Group AG reiterated an “outperform” rating on shares of SAP SE in a research report 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 report on Wednesday, July 6th. Deutsche Bank AG reiterated a “buy” rating on shares of SAP SE in a research report on Tuesday, September 27th. Finally, Cowen and Company initiated coverage on shares of SAP SE in a research report on Thursday, June 23rd. They issued an “outperform” rating and a $93.00 price target on the stock.
SAP SE (NYSE:SAP) opened at 86.13 on Wednesday. The stock has a market capitalization of $103.20 billion, a price-to-earnings ratio of 25.97 and a beta of 1.43. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76. The company has a 50-day moving average of $89.34 and a 200 day moving average of $82.68.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. On average, equities research analysts anticipate that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in SAP. Howe & Rusling Inc. raised its stake in SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares during the period. Societe Generale purchased a new stake in SAP SE during the second quarter valued at about $141,000. NEXT Financial Group Inc raised its stake in SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares during the period. Bessemer Group Inc. raised its stake in SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock valued at $186,000 after buying an additional 1,223 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in SAP SE during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 3.53% 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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