SAP SE (SAP) PT Set at $93.00 by Cowen and Company
SAP SE (NYSE:SAP) has been given a $93.00 price objective by investment analysts at Cowen and Company in a note issued to investors on Wednesday. The brokerage presently has a a “buy” rating on the stock. Cowen and Company’s price objective points to a potential upside of 6.63% from the company’s current price.
A number of other research analysts also recently issued reports on the company. Morgan Stanley restated a “buy” rating on shares of SAP SE in a research note on Monday, July 11th. Barclays PLC restated an “overweight” rating and set a $105.00 price target (down previously from $108.00) on shares of SAP SE in a research note on Wednesday, July 6th. Royal Bank Of Canada raised their price target on SAP SE to $95.00 and gave the stock a “sector perform” rating in a research note on Friday, September 30th. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $85.00 price target (up previously from $78.00) on shares of SAP SE in a research note on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $84.42.
SAP SE (NYSE:SAP) traded up 0.31% during mid-day trading on Wednesday, hitting $87.49. The stock had a trading volume of 487,366 shares. SAP SE has a 12-month low of $71.39 and a 12-month high of $92.76. The firm has a market cap of $104.83 billion, a P/E ratio of 26.38 and a beta of 1.43. The stock has a 50-day moving average price of $89.38 and a 200 day moving average price of $82.61.
SAP SE (NYSE:SAP) last released 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 return on equity of 16.92% and a net margin of 16.76%. Equities analysts anticipate that SAP SE will post $4.37 EPS for the current fiscal year.
A number of 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 valued at $116,000 after buying an additional 7 shares during the last quarter. Shelton Capital Management increased its stake in shares of SAP SE by 0.3% in the second quarter. Shelton Capital Management now owns 3,677 shares of the company’s stock worth $276,000 after buying an additional 10 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of SAP SE by 0.7% in the second quarter. HighPoint Advisor Group LLC now owns 3,108 shares of the company’s stock worth $271,000 after buying an additional 21 shares in the last quarter. NEXT Financial Group Inc increased 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 worth $148,000 after buying an additional 25 shares in the last quarter. Finally, SOL Capital Management CO increased its stake in shares of SAP SE by 0.3% in the second quarter. SOL Capital Management CO now owns 8,635 shares of the company’s stock worth $648,000 after buying an additional 26 shares in 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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