Somewhat Positive Press Coverage Somewhat Unlikely to Affect SAP SE (SAP) Share Price
Headlines about SAP SE (NYSE:SAP) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SAP SE earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.225629841382 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- SAP Reaches Analyst Target Price – Nasdaq (nasdaq.com)
- SAP SE (SAP) noted a price change of -0.23% and Telenav, Inc. (TNAV) – Stocks Gallery (stocksgallery.com)
- SAP Further Expands SAP® Vehicles Network with New Connected Fueling and Payment Options – PR Newswire (press release) (prnewswire.com)
- $6.47 Billion in Sales Expected for SAP SE (SAP) This Quarter (americanbankingnews.com)
SAP SE (NYSE:SAP) traded down 0.13% during mid-day trading on Wednesday, hitting $109.80. The stock had a trading volume of 586,473 shares. The company has a 50-day moving average price of $105.89 and a 200 day moving average price of $102.67. The company has a market cap of $131.64 billion, a P/E ratio of 31.98 and a beta of 1.12. SAP SE has a 1-year low of $80.93 and a 1-year high of $110.32.
SAP SE declared that its Board of Directors has authorized a share repurchase program on Thursday, July 20th that permits the company to buyback outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
SAP has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of SAP SE in a research report on Monday, June 26th. Royal Bank Of Canada increased their price objective on SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 18th. CIBC increased their price objective on SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. Berenberg Bank initiated coverage on SAP SE in a research report on Wednesday, August 23rd. They set a “buy” rating for the company. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $115.00 price objective (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.84.
SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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