Shares of SAP SE (NYSE:SAP) have earned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the company. Nine investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $84.33.
SAP has been the subject of several research analyst reports. Cowen and Company set a $93.00 target price on shares of SAP SE and gave the stock a “buy” rating in a research report on Wednesday. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Wednesday. HSBC reaffirmed a “buy” rating on shares of SAP SE in a research report on Tuesday, October 4th. RBC Capital Markets reaffirmed a “hold” rating and issued a $95.00 target price on shares of SAP SE in a research report on Friday, September 30th. Finally, Royal Bank Of Canada raised their target price on shares of SAP SE to $95.00 and gave the stock a “sector perform” rating in a research report on Friday, September 30th.
Shares of SAP SE (NYSE:SAP) opened at 86.13 on Wednesday. SAP SE has a 1-year low of $71.39 and a 1-year high of $92.76. The company has a market capitalization of $103.20 billion, a P/E ratio of 25.97 and a beta of 1.43. The firm has a 50-day moving average of $89.34 and a 200 day moving average of $82.68.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) 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, equities research analysts expect that SAP SE will post $4.37 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in SAP. Howe & Rusling Inc. raised its stake in shares of SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares during the period. Societe Generale acquired a new stake in shares of SAP SE during the second quarter valued at about $141,000. NEXT Financial Group Inc raised its stake in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares during the period. Bessemer Group Inc. raised its stake in shares of SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock valued at $186,000 after buying an additional 1,223 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of SAP SE during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
About SAP SE
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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