SAP SE (NYSE:SAP)‘s stock had its “hold” rating reaffirmed by equities research analysts at RBC Capital Markets in a research report issued to clients and investors on Friday. They currently have a $95.00 price objective on the stock. RBC Capital Markets’ price objective points to a potential upside of 4.52% from the stock’s current price.
SAP has been the subject of a number of other reports. DZ Bank AG reissued a “buy” rating on shares of SAP SE in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of SAP SE in a research note on Thursday, June 30th. Barclays PLC reaffirmed an “overweight” rating and set a $105.00 price target on shares of SAP SE in a research note on Tuesday, August 30th. Deutsche Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research note on Tuesday, September 27th. Finally, Royal Bank Of Canada raised their price target on shares of SAP SE to $95.00 and gave the stock a “sector perform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. SAP SE has a consensus rating of “Buy” and an average price target of $84.42.
Shares of SAP SE (NYSE:SAP) opened at 90.89 on Friday. The stock has a 50 day moving average of $89.01 and a 200-day moving average of $82.14. SAP SE has a 52 week low of $66.67 and a 52 week high of $92.76. The firm has a market capitalization of $108.90 billion, a PE ratio of 27.21 and a beta of 1.43.
SAP SE (NYSE:SAP) last posted its 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 return on equity of 16.92% and a net margin of 16.76%. Equities analysts anticipate that SAP SE will post $4.37 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in SAP SE by 915.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 63,419 shares of the company’s stock worth $4,758,000 after buying an additional 57,172 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of SAP SE during the second quarter worth approximately $435,000. Wolverine Asset Management LLC bought a new position in shares of SAP SE during the second quarter worth approximately $1,740,000. Lincluden Management Ltd. boosted its position in shares of SAP SE by 6.9% in the second quarter. Lincluden Management Ltd. now owns 92,838 shares of the company’s stock worth $6,965,000 after buying an additional 6,005 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its position 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 worth $116,000 after buying an additional 7 shares during the last quarter. 3.51% of the stock is 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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