SAP SE (NYSE:SAP) has been given a $93.00 price objective by equities researchers at Cowen and Company in a note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 6.63% from the company’s previous close.
Several other research firms have also weighed in on SAP. Zacks Investment Research lowered shares of SAP SE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Royal Bank Of Canada boosted their price objective on shares of SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 21st. Oppenheimer Holdings Inc. restated a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research note on Wednesday, July 20th. Finally, Citigroup Inc. restated a “buy” rating on shares of SAP SE in a research note on Thursday, July 21st. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. SAP SE has a consensus rating of “Buy” and an average price target of $84.42.
SAP SE (NYSE:SAP) traded up 0.31% during trading on Wednesday, reaching $87.49. 487,366 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $89.38 and a 200-day moving average price of $82.61. The firm has a market cap of $104.83 billion, a PE ratio of 26.38 and a beta of 1.43. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping 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, analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in SAP. Howe & Rusling Inc. raised its position in 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 during the period. Societe Generale purchased a new position in SAP SE during the second quarter worth approximately $141,000. NEXT Financial Group Inc raised its position in 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 during the period. Bessemer Group Inc. raised its position in 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 during the period. Finally, Paloma Partners Management Co purchased a new position in SAP SE during the second quarter worth approximately $210,000. Institutional investors own 3.51% of the company’s stock.
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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