Analysts Set SAP SE (SAP) PT at $84.33
Shares of SAP SE (NYSE:SAP) have received an average recommendation of “Buy” from the twenty-three research firms that are currently covering the company. Nine equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $84.33.
SAP has been the subject of a number of research reports. DZ Bank AG reiterated a “buy” rating on shares of SAP SE in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of SAP SE in a report on Thursday, June 30th. Barclays PLC reiterated an “overweight” rating and set a $105.00 target price on shares of SAP SE in a report on Tuesday, August 30th. Royal Bank Of Canada increased their target price on SAP SE to $95.00 and gave the stock a “sector perform” rating in a report on Friday, September 30th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of SAP SE in a report on Tuesday, September 27th.
Several hedge funds and other institutional investors have recently made changes to their positions in SAP. Commonwealth Equity Services Inc boosted its position in shares of SAP SE by 3.2% in the first quarter. Commonwealth Equity Services Inc now owns 4,007 shares of the company’s stock valued at $322,000 after buying an additional 125 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of SAP SE during the first quarter valued at approximately $384,000. Columbia Partners L L C Investment Management boosted its position in shares of SAP SE by 6.7% in the first quarter. Columbia Partners L L C Investment Management now owns 10,974 shares of the company’s stock valued at $882,000 after buying an additional 692 shares in the last quarter. Bessemer Group Inc. boosted its position 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 in the last quarter. Finally, M&T Bank Corp boosted its position in shares of SAP SE by 0.9% in the first quarter. M&T Bank Corp now owns 45,414 shares of the company’s stock valued at $3,652,000 after buying an additional 426 shares in the last quarter. 3.51% of the stock is currently owned by institutional investors.
SAP SE (NYSE:SAP) opened at 86.13 on Wednesday. The stock has a market capitalization of $103.20 billion, a PE 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 has a 1-year low of $71.39 and a 1-year high of $92.76.
SAP SE (NYSE:SAP) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Zacks’ 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%. Equities analysts expect that SAP SE will post $4.37 EPS for the current fiscal year.
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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