Cowen and Company Analysts Give SAP SE (SAP) a $93.00 Price Target
SAP SE (NYSE:SAP) received a $93.00 price target from equities research analysts at Cowen and Company in a note issued to investors on Wednesday. The firm presently has a a “buy” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 6.63% from the company’s current price.
A number of other analysts have also weighed in on SAP. Zacks Investment Research lowered shares of SAP SE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $90.00 target price (up 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. Berenberg Bank reaffirmed a “buy” rating on shares of SAP SE in a research report on Tuesday, July 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $105.00 target price (down from $108.00) on shares of SAP SE in a research report on Wednesday, July 6th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. SAP SE presently has a consensus rating of “Buy” and a consensus target price of $84.42.
SAP SE (NYSE:SAP) traded up 0.02% during trading on Wednesday, reaching $87.24. The company had a trading volume of 631,560 shares. The stock has a 50 day moving average of $89.38 and a 200-day moving average of $82.61. SAP SE has a 12-month low of $71.39 and a 12-month high of $92.76. The stock has a market capitalization of $104.53 billion, a P/E ratio of 26.30 and a beta of 1.43.
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SAP SE (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, topping 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%. On average, analysts forecast that SAP SE will post $4.37 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of SAP. Fisher Asset Management LLC boosted its position in shares of SAP SE by 1.2% in the second quarter. Fisher Asset Management LLC now owns 6,163,293 shares of the company’s stock valued at $480,860,000 after buying an additional 72,681 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. Scharf Investments LLC boosted its position in shares of SAP SE by 8.0% in the second quarter. Scharf Investments LLC now owns 1,913,609 shares of the company’s stock valued at $143,559,000 after buying an additional 140,985 shares during the period. Sustainable Growth Advisers LP boosted its position in shares of SAP SE by 9.1% in the second quarter. Sustainable Growth Advisers LP now owns 1,823,554 shares of the company’s stock valued at $136,803,000 after buying an additional 151,625 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of SAP SE by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 1,526,991 shares of the company’s stock valued at $114,555,000 after buying an additional 6,783 shares during the period. 3.51% of the stock is owned by hedge funds and other 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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