SAP SE (NYSE:SAP) had its price target lifted by investment analysts at Royal Bank Of Canada to $95.00 in a note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.52% from the stock’s current price.
Several other research analysts have also recently issued reports on SAP. Zacks Investment Research cut shares of SAP SE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 15th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of SAP SE in a research report on Thursday, June 30th. DZ Bank AG restated a “buy” rating on shares of SAP SE in a research report on Wednesday, July 20th. Citigroup Inc. restated a “buy” rating on shares of SAP SE in a research report on Thursday, July 21st. Finally, Credit Suisse Group AG restated a “hold” rating on shares of SAP SE in a research report on Friday, June 3rd. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. SAP SE has an average rating of “Buy” and an average price target of $84.42.
Shares of SAP SE (NYSE:SAP) opened at 90.89 on Friday. SAP SE has a 52-week low of $66.67 and a 52-week high of $92.76. The stock has a market cap of $108.90 billion, a price-to-earnings ratio of 27.21 and a beta of 1.43. The stock’s 50 day moving average is $89.01 and its 200 day moving average is $82.14.
SAP SE (NYSE:SAP) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts expect that SAP SE will post $4.37 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Howe & Rusling Inc. increased 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 in the last quarter. Societe Generale bought a new position in SAP SE during the second quarter worth $141,000. NEXT Financial Group Inc increased 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 in the last quarter. Bessemer Group Inc. increased 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 in the last quarter. Finally, Paloma Partners Management Co bought a new position in SAP SE during the second quarter worth $210,000. 3.51% of the stock is currently owned by institutional investors.
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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