SAP SE ADS (NYSE:SAP):
SAP Raises Outlook After Strong Third Quarter.
The company is so far trading up by 0.27 percent from yesterday’s close.
It is currently trading at $87.89 which is marginally under the 50 day moving average which is $88.99 and which is a tad above the 200 day moving average of $83.31. The 50 day moving average went down $-1.10 or -1.24% whereas the 200 day average was up by +5.50%.
The company currently has a P/E ratio of 28.48 and the market value is 105.29B. As of the last earnings report the EPS was $3.10 and is projected to be $4.14 for the current year with 1,198,000,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.80 and the next full year EPS is projected to be $4.65.
Several brokerage analysts have weighed in on SAP recently. On June 13 the stock rating was downgraded to “Underperform” from “Hold” in a report from Jefferies. On June 1 the company was downgraded from “” to “Hold” in a statement from Evercore ISI Group.
On April 12 the company was upgraded from “Hold” to “Buy” by analysts at Berenberg. On January 26 Argus Research maintained a stock rating of “Buy” but raised the price expectation from $87.00 to $94.00.
On January 8 analysts at BMO Capital starting coverage on the stock by announcing an initial rating of “Market Perform”. January 6 investment analysts at Barclays made no change to the stock rating of “Overweight” but raised the price target to $108.00 from $91.00.