Todays Report: The SAP SE (SAP) Receives Buy Rating from DZ Bank AG

The 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.

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.

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