SAP SE (ADR) (SAP) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 85

SAP SE (ADR) (SAP) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 85 from a previous price target of $78 . RBC Capital Mkts advised their investors in a research report released on Jul 21, 2016.

Many Wall Street Analysts have commented on SAP SE (ADR). SAP SE (ADR) was Downgraded by Jefferies to ” Underperform” on Jun 13, 2016.

On the company’s financial health, SAP SE (ADR) reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 21, 2015. Analyst had a consensus of $0.84. The company had revenue of $4972.00 million for the quarter, compared to analysts expectations of $4893.02 million. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

SAP SE (ADR) opened for trading at $82.98 and hit $83.81 on the upside on Wednesday, eventually ending the session at $83.71, with a gain of 5.53% or 4.39 points. The heightened volatility saw the trading volume jump to 29,05,110 shares. Company has a market cap of $102,838 M.

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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