SAP SE (NYSE:SAP) received a $93.00 price target from stock analysts at Cowen and Company in a research note issued to investors on Wednesday. The firm currently has a a “buy” rating on the stock. Cowen and Company’s price target suggests a potential upside of 6.60% from the stock’s current price.
Several other equities analysts have also commented on the company. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research note on Wednesday. HSBC reaffirmed a “buy” rating on shares of SAP SE in a research note on Tuesday, October 4th. RBC Capital Markets reaffirmed a “hold” rating and issued a $95.00 price target on shares of SAP SE in a research note on Friday, September 30th. Royal Bank Of Canada upped their price target on SAP SE to $95.00 and gave the company a “sector perform” rating in a research note on Friday, September 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.42.
SAP SE (NYSE:SAP) opened at 87.24 on Wednesday. The stock has a market cap of $104.53 billion, a price-to-earnings ratio of 26.30 and a beta of 1.43. The firm has a 50-day moving average price of $89.37 and a 200 day moving average price of $82.64. SAP SE has a 1-year low of $71.39 and a 1-year high of $92.76.
SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. On average, equities research analysts anticipate that SAP SE will post $4.37 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in 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 purchased a new position in SAP SE during the second quarter worth about $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 purchased a new position in SAP SE during the second quarter worth about $210,000. Hedge funds and other 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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