SAP SE (SAP) Given a $93.00 Price Target at Cowen and Company
SAP has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price objective on shares of SAP SE from $78.00 to $85.00 and gave the stock a sector perform rating in a report on Thursday, July 21st. Credit Suisse Group AG reaffirmed an outperform rating on shares of SAP SE in a report on Friday, July 22nd. Barclays PLC reaffirmed an overweight rating and issued a $105.00 price objective (down previously from $108.00) on shares of SAP SE in a report on Wednesday, July 6th. Deutsche Bank AG reaffirmed a buy rating on shares of SAP SE in a report on Tuesday, September 27th. Finally, HSBC reaffirmed a buy rating on shares of SAP SE in a report on Tuesday, October 4th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $84.42.
SAP SE (NYSE:SAP) opened at 86.35 on Wednesday. The stock has a market cap of $103.46 billion, a P/E ratio of 26.03 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 firm’s 50-day moving average is $89.31 and its 200-day moving average is $82.76.
SAP SE (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. boosted its position in shares of SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock worth $116,000 after buying an additional 7 shares in the last quarter. Societe Generale bought a new position in shares of SAP SE during the second quarter worth $141,000. NEXT Financial Group Inc boosted its position in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock worth $148,000 after buying an additional 25 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock worth $186,000 after buying an additional 1,223 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of SAP SE during the second quarter worth $210,000. 3.53% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE Company Profile
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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