SAP SE’s (SAP) “Buy” Rating Reiterated at DZ Bank AG
SAP SE (NYSE:SAP)‘s stock had its “buy” rating reaffirmed by investment analysts at DZ Bank AG in a research report issued on Wednesday.
Several other research analysts have also weighed in on SAP. Zacks Investment Research lowered SAP SE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Cowen and Company initiated coverage on SAP SE in a research report on Thursday, June 23rd. They set an “outperform” rating and a $93.00 price target on the stock. Credit Suisse Group AG reaffirmed a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of SAP SE in a research report on Wednesday, June 29th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, June 30th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of SAP SE in a research report on Tuesday, July 5th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. SAP SE currently has an average rating of “Buy” and a consensus target price of $84.42.
SAP SE (NYSE:SAP) traded down 1.57% on Wednesday, reaching $87.22. The company’s stock had a trading volume of 921,574 shares. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76. The company has a 50-day moving average price of $89.39 and a 200 day moving average price of $82.57. The company has a market cap of $104.51 billion, a P/E ratio of 26.29 and a beta of 1.43.
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SAP SE (NYSE:SAP) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. On average, equities research analysts anticipate that SAP SE will post $4.37 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in SAP. Howe & Rusling Inc. increased its stake in 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. Societe Generale bought a new stake in SAP SE during the second quarter worth $141,000. NEXT Financial Group Inc increased its stake in 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 during the last quarter. Bessemer Group Inc. increased its stake in SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock worth $186,000 after buying an additional 1,223 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in SAP SE during the second quarter worth $210,000. 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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