Today, Cowen and Company Analysts Give SAP SE (SAP) a $93.00 Price Target

Today, Cowen and Company Analysts Give SAP SE (SAP) a $93.00 Price Target

Cowen and Company set a $93.00 price objective on SAP SE (NYSE:SAP) in a report issued on Wednesday morning. The firm currently has a a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley reissued a buy rating on shares of SAP SE in a research note on Monday, July 11th. Zacks Investment Research raised shares of SAP SE from a sell rating to a hold rating in a research note on Tuesday, July 26th. Jefferies Group reissued a hold rating on shares of SAP SE in a research note on Thursday, August 4th. Credit Suisse Group AG reissued a hold rating and set a $37.00 price objective on shares of SAP SE in a research note on Wednesday, August 3rd. Finally, Berenberg Bank reissued a buy rating on shares of SAP SE in a research note on Tuesday, July 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. SAP SE currently has an average rating of Buy and a consensus price target of $84.42.

SAP SE (NYSE:SAP) opened at 86.13 on Wednesday. SAP SE has a 1-year low of $71.39 and a 1-year high of $92.76. The firm has a market cap of $103.20 billion, a P/E ratio of 25.97 and a beta of 1.43. The firm has a 50 day moving average of $89.34 and a 200 day moving average of $82.68.

SAP SE (NYSE:SAP) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 research analysts expect that SAP SE will post $4.37 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. bought a new position in SAP SE during the third quarter worth approximately $3,832,000. Private Bank & Trust Co. increased its position in SAP SE by 1.7% in the third quarter. Private Bank & Trust Co. now owns 4,037 shares of the company’s stock worth $369,000 after buying an additional 69 shares during the period. Capstone Asset Management Co. increased its position in SAP SE by 1.7% in the third quarter. Capstone Asset Management Co. now owns 86,279 shares of the company’s stock worth $7,887,000 after buying an additional 1,480 shares during the period. Atria Investments LLC increased its position in SAP SE by 107.9% in the third quarter. Atria Investments LLC now owns 10,822 shares of the company’s stock worth $989,000 after buying an additional 5,616 shares during the period. Finally, Creative Planning increased its position in SAP SE by 63.4% in the third quarter. Creative Planning now owns 6,315 shares of the company’s stock worth $577,000 after buying an additional 2,451 shares during the period. Hedge funds and other institutional investors own 3.53% of the company’s stock.

SAP SE Company Profile

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