Stock Technical Report on SAP SE (ADR) (NYSE:SAP)

SAP SE (ADR) (NYSE:SAP) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $73.495, down by -1.63%, with a volume of 877,323 shares against an average volume for the last 3 months of 1,017,160.

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SAP SE (ADR) (NYSE:SAP) is currently trading 11.13% below its 52-week-high, 16.99% above its 52-week-low. The 1-year range for the stock is $62.82 – $82.7. SAP SE (ADR) (SAP) has a price to earnings ratio of 24.88 versus Technology sector average of 17.8. SAP stock price has outperformed the S&P 500 by 3.6%. The Enterprise Software & Services company is currently valued at $87.83 billion and its share price closed the last trading session at $73.495. The stock has a 50-day moving average of $74.75 and a 200-day moving average of $70.34.

SAP SE (ADR) (SAP) current short interest stands at 5.85 million shares. It has increased by 8% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.63 million shares, the number of days required to cover the short positions stand at 9.3 days.

The company is expected to announce next quarter earnings on July 16, at consensus estimate of $0.64. SAP SE (ADR) (SAP) reported last quarter earnings on April 21. The Enterprise Software & Services company announced earnings per share of $0.49 against a consensus Street estimate of $0.53, missing estimate by $0.04. This corresponds to a decrease of $0.24 compared to the same quarter of the previous fiscal year.

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There are currently forty-one analysts that cover SAP stock. Of those forty-one, seventeen have a Buy rating, nineteen have a Hold rating and five have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $70.62.

The most recent analyst activity consisted of Cowen & Company who initiated their coverage on the stock with Market Perform rating on May 26. Cowen & Company fixed their price target at $80. This corresponds to a 8.85% upside from the last closing price. On the date of report, the stock closed at $73.5.

Jefferies reiterated their Hold stance on April 22, and increased their price target on SAP stock from $70 to $74. This corresponds to a 0.69% upside from the last closing price. On the date of report, the stock closed at $73.28.

Another research firm was Bank of America who upgraded their Neutral rating to Buy on April 22. On the date of report, the stock closed at $73.28.

Company profile

SAP SE is a multinational software company. The Company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services. SAP markets its products and services worldwide.

Stock Technical Report on SAP SE (ADR) (NYSE:SAP) was last modified: May 27th, 2015 by Kelly Rhodes