Berenberg Upgrades SAP SE (ADR) to Buy

Brokerage firm Berenberg Upgrades its rating on SAP SE (ADR)(NYSE:SAP). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Berenberg was issued on Apr 12, 2016.

In a different note, On Jan 26, 2016, Argus Research said it Maintains its rating on SAP SE (ADR). According to the research note, Argus Research Raises the price target to $94 per share from a prior target of $87. The shares have been rated ‘Buy’ by the firm.

SAP SE (ADR) (SAP) shares turned negative on Fridays trading session with the shares closing down -0.52 points or -0.66% at a volume of 5,15,801. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.17. The peak price level was also seen at $79.17 while the days lowest was $78.37. Finally the shares closed at $78.51. The 52-week high of the shares is $81.24 while the 52-week low is $62.57. According to the latest information available, the market cap of the company is $96,450 M.

SAP SE (ADR)(SAP) last announced its earnings results on Jan 22, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $6.86B. Analysts had an estimated revenue of $6.04B. Earnings per share were $1.51. Analysts had estimated an EPS of $1.37.

SAP SE formerly SAP AG is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31 2014 the Company has more than 282000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database data processing and application platform capabilities in-memory. It also provides capabilities such as predictive text analytics spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines including consumer discrete manufacturing energy and natural resources financial services public services and other services. Through Sapphire Ventures Sapphire Ventures invests in global companies as well as early-stage venture capital funds in enterprise and consumer technology.

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