SAP SE (SAP) Hits New 1-Year High at $88.55
SAP SE (NYSE:SAP) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $88.55 and last traded at $87.23, with a volume of 459,240 shares traded. The stock had previously closed at $87.39.
SAP has been the topic of several research reports. Royal Bank Of Canada lifted their target price on 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 reissued an “overweight” rating and set a $105.00 price objective (down from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Cowen and Company initiated coverage on SAP SE in a research note on Thursday, June 23rd. They set an “outperform” rating and a $93.00 price objective on the stock. Finally, DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Thursday, July 14th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. SAP SE currently has a consensus rating of “Buy” and an average price target of $82.75.
The firm has a 50 day moving average price of $84.89 and a 200-day moving average price of $79.82. The company has a market capitalization of $104.57 billion and a P/E ratio of 25.83.
SAP SE (NYSE:SAP) last released its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. Equities research analysts forecast that SAP SE will post $4.35 EPS for the current year.
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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