salesforce.com, inc. Receives Average Rating of “Buy” from Brokerages (NYSE:CRM)
salesforce.com, inc. (NYSE:CRM) has been given an average recommendation of “Buy” by the forty brokerages that are currently covering the stock, ARN reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $66.28.
Shares of salesforce.com, inc. (NYSE:CRM) opened at 54.36 on Wednesday. salesforce.com, inc. has a 52-week low of $36.09 and a 52-week high of $67.00. The stock’s 50-day moving average is $53.1 and its 200-day moving average is $56.41. The company’s market cap is $33.296 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. On average, analysts predict that salesforce.com, inc. will post $0.50 earnings per share for the current fiscal year.
In other salesforce.com, inc. news, EVP Stephen Fisher unloaded 6,196 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $52.85, for a total transaction of $327,458.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.
CRM has been the subject of a number of recent research reports. Analysts at Pivotal Research reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $73.00 price target on the stock, down previously from $74.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $65.00 price target on the stock, down previously from $75.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock.
salesforce.com, inc. is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
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