SAP SE (SAP) Receives $91.63 Consensus Target Price from Analysts
Shares of SAP SE (NYSE:SAP) have been assigned an average rating of “Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $91.63.
SAP has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a research report on Monday, June 26th. Royal Bank Of Canada boosted their price objective on shares of SAP SE from $102.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 18th. CIBC boosted their price objective on shares of SAP SE from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Berenberg Bank initiated coverage on shares of SAP SE in a research report on Wednesday, August 23rd. They issued a “buy” rating for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $115.00 price objective (up previously from $107.00) on shares of SAP SE in a research report on Friday, June 9th.
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A number of hedge funds and other institutional investors have recently made changes to their positions in SAP. Parallel Advisors LLC boosted its stake in SAP SE by 32.4% in the 2nd quarter. Parallel Advisors LLC now owns 957 shares of the software maker’s stock worth $101,000 after purchasing an additional 234 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in SAP SE in the 2nd quarter worth $132,000. IFP Advisors Inc boosted its stake in SAP SE by 29.4% in the 2nd quarter. IFP Advisors Inc now owns 1,456 shares of the software maker’s stock worth $152,000 after purchasing an additional 331 shares during the period. Fiduciary Trust Co. acquired a new position in SAP SE in the 2nd quarter worth $157,000. Finally, Huntington National Bank boosted its stake in SAP SE by 1.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after purchasing an additional 24 shares during the period. 3.56% of the stock is owned by hedge funds and other institutional investors.
Shares of SAP SE (NYSE SAP) traded up 0.58% during trading on Wednesday, reaching $110.27. The company’s stock had a trading volume of 464,367 shares. SAP SE has a 12 month low of $80.93 and a 12 month high of $110.67. The company’s 50-day moving average is $106.54 and its 200-day moving average is $103.24. The company has a market capitalization of $132.20 billion, a P/E ratio of 31.97 and a beta of 1.12.
SAP SE declared that its Board of Directors has authorized a share buyback program on Thursday, July 20th that authorizes the company to repurchase shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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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