salesforce.com, inc. (NYSE:CRM) Given Consensus Recommendation of “Buy” by Analysts

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salesforce.com, inc. (NYSE:CRM) has been assigned a consensus recommendation of “Buy” from the forty-two analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, thirty-six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $180.88.

Several analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $192.00 price objective on shares of salesforce.com in a research report on Friday, May 31st. Nomura reaffirmed a “buy” rating on shares of salesforce.com in a research report on Tuesday, May 28th. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective (up previously from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $175.00 price objective (up previously from $165.00) on shares of salesforce.com in a research report on Wednesday, March 6th. Finally, Exane BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating for the company.

NYSE:CRM opened at $151.34 on Friday. The company has a market cap of $116.52 billion, a price-to-earnings ratio of 104.37, a PEG ratio of 5.00 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. salesforce.com has a fifty-two week low of $113.60 and a fifty-two week high of $167.56.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. On average, sell-side analysts expect that salesforce.com will post 1.43 EPS for the current year.

In other salesforce.com news, insider Mark J. Hawkins sold 846 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $163.84, for a total transaction of $138,608.64. Following the transaction, the insider now directly owns 20,348 shares in the company, valued at approximately $3,333,816.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Parker Harris sold 620 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $147.30, for a total value of $91,326.00. Following the transaction, the insider now owns 29,438 shares in the company, valued at $4,336,217.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 426,279 shares of company stock worth $67,663,581. 5.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Avondale Wealth Management lifted its stake in salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Citizens Financial Group Inc RI bought a new position in salesforce.com during the 1st quarter valued at $27,000. CX Institutional lifted its stake in salesforce.com by 426.5% during the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 145 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 68 shares during the period. Finally, Avestar Capital LLC raised its stake in shares of salesforce.com by 108.7% during the 1st quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Analyst Recommendations for salesforce.com (NYSE:CRM)

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