SAP SE (SAP) Sets New 52-Week High at $85.55
SAP SE (NYSE:SAP) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $85.55 and last traded at $85.34, with a volume of 500,874 shares traded. The stock had previously closed at $84.69.
A number of brokerages recently commented on SAP. BMO Capital Markets upped their price objective on SAP SE from $84.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, April 21st. Royal Bank Of Canada upped their price objective on SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded SAP SE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 15th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Wednesday, July 20th. Finally, Evercore ISI downgraded SAP SE from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. SAP SE presently has a consensus rating of “Buy” and an average target price of $87.17.
The company’s 50 day moving average is $78.43 and its 200 day moving average is $78.40. The company has a market capitalization of $104.14 billion and a price-to-earnings ratio of 26.46.
SAP SE (NYSE:SAP) last issued its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. On average, analysts anticipate that SAP SE will post $4.31 EPS for the current year.
A number of large investors have added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its stake in SAP SE by 1.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 13,802 shares of the company’s stock worth $1,092,000 after buying an additional 208 shares in the last quarter. Freestone Capital Holdings LLC acquired a new stake in SAP SE during the fourth quarter worth $1,623,000. Sei Investments Co. boosted its stake in SAP SE by 89.7% in the fourth quarter. Sei Investments Co. now owns 24,087 shares of the company’s stock worth $1,905,000 after buying an additional 11,392 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in SAP SE during the fourth quarter worth $2,212,000. Finally, Aberdeen Asset Management PLC UK acquired a new stake in SAP SE during the fourth quarter worth $4,721,000.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform.
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