SAP SE (SAP) Receives Buy Rating from DZ Bank AG
SAP SE (NYSE:SAP)‘s stock had its “buy” rating reissued by investment analysts at DZ Bank AG in a research report issued to clients and investors on Wednesday.
Several other brokerages have also commented on SAP. Deutsche Bank AG restated a “buy” rating on shares of SAP SE in a report on Tuesday, September 27th. HSBC restated a “buy” rating on shares of SAP SE in a report on Tuesday, October 4th. Royal Bank Of Canada upped their target price on shares of SAP SE to $95.00 and gave the stock a “sector perform” rating in a research report on Friday, September 30th. RBC Capital Markets reaffirmed a “hold” rating and issued a $95.00 target price on shares of SAP SE in a research report on Friday, September 30th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 target price on shares of SAP SE in a research report on Tuesday, August 30th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $84.42.
SAP SE (NYSE:SAP) traded down 1.61% on Wednesday, hitting $87.18. 364,795 shares of the company were exchanged. SAP SE has a 52 week low of $71.39 and a 52 week high of $92.76. The stock has a market capitalization of $104.46 billion, a P/E ratio of 26.28 and a beta of 1.43. The company has a 50 day moving average price of $89.39 and a 200-day moving average price of $82.57.
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SAP SE (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ 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%. On average, equities analysts expect that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new position in shares of SAP SE during the second quarter valued at $71,262,000. Crawford Investment Counsel Inc. boosted its position in shares of SAP SE by 283.2% in the second quarter. Crawford Investment Counsel Inc. now owns 437,198 shares of the company’s stock valued at $32,799,000 after buying an additional 323,104 shares during the period. Harding Loevner LP boosted its position in shares of SAP SE by 4.0% in the third quarter. Harding Loevner LP now owns 5,104,602 shares of the company’s stock valued at $466,612,000 after buying an additional 196,527 shares during the period. Orbis Allan Gray Ltd acquired a new position in shares of SAP SE during the first quarter valued at $14,844,000. Finally, Renaissance Technologies LLC acquired a new position in shares of SAP SE during the first quarter valued at $13,663,000. Hedge funds and other institutional investors own 3.51% of the company’s stock.
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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