SAP SE (SAP) Getting Somewhat Positive News Coverage, Study Shows
Headlines about SAP SE (NYSE:SAP) have been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SAP SE earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 44.6004968267229 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Global Talent Acquisition & Staffing Technology & ICTs Market Services, Applications & Growth Estimates- Oracle Corporation, SAP SE (sbwire.com)
- Rehmann Capital Advisory Group Sells 188 Shares of SAP SE (SAP) (footballhebdo.com)
- DGAP-Stimmrechtsanteile: SAP SE (finanzen.ch)
- SAP launches partner packaging factory to fast-track Digitization (smechannels.com)
- SAP SE (SAP) Given a €102.00 Price Target at Morgan Stanley (elcumanes.com)
A number of analysts have weighed in on SAP shares. Cowen and Company restated an “outperform” rating and issued a $110.00 target price (up previously from $105.00) on shares of SAP SE in a research report on Saturday, April 29th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of SAP SE in a report on Monday, June 26th. Royal Bank Of Canada boosted their target price on shares of SAP SE from $102.00 to $106.00 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. CIBC boosted their target price on shares of SAP SE from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, June 12th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $115.00 price target (up from $107.00) on shares of SAP SE in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $95.69.
SAP SE (SAP) traded up 1.19% during mid-day trading on Monday, reaching $105.70. 653,689 shares of the company’s stock were exchanged. The firm has a market capitalization of $126.72 billion, a P/E ratio of 31.18 and a beta of 1.12. The company’s 50-day moving average is $105.15 and its 200 day moving average is $100.42. SAP SE has a one year low of $80.93 and a one year high of $108.72.
SAP SE declared that its Board of Directors has authorized a stock buyback program on Thursday, July 20th that allows the company to repurchase outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
About SAP SE
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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