Somewhat Favorable News Coverage Somewhat Unlikely to Impact SAP SE (SAP) Stock Price
News coverage about SAP SE (NYSE:SAP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SAP SE earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.3075805510559 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- SAP Leonardo powers digital transformation of India Inc. (newkerala.com)
- Study Shows SAP® Hybris® Commerce Cloud Makes Buying Easy and Increases ROI by 307 Percent (finance.yahoo.com)
- MessageBird in biggest early-stage funding for European software firm (finance.yahoo.com)
- PROS Holdings (PRO) and SAP SE (SAP) Head to Head Review (americanbankingnews.com)
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded SAP SE from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of SAP SE in a research note on Monday, September 18th. Berenberg Bank initiated coverage on SAP SE in a research note on Wednesday, August 23rd. They set a “buy” rating on the stock. BidaskClub downgraded SAP SE from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, BMO Capital Markets raised their price objective on SAP SE from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $94.84.
Shares of SAP SE (NYSE:SAP) traded up 0.05% during mid-day trading on Friday, reaching $110.97. The stock has a market capitalization of $133.04 billion, a PE ratio of 32.17 and a beta of 1.10. SAP SE has a one year low of $80.93 and a one year high of $111.21. The firm has a 50-day moving average of $107.96 and a 200-day moving average of $104.45.
SAP SE declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 20th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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