salesforce.com’s (CRM) Buy Rating Reaffirmed at JPMorgan Chase & Co.

salesforce.com (NYSE:CRM)‘s stock had its “buy” rating reissued by equities researchers at JPMorgan Chase & Co. in a report released on Wednesday, Borsen Zeitung reports. They currently have a $200.00 price target on the CRM provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 27.85% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Monness Crespi & Hardt raised their price target on shares of salesforce.com from $200.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays reaffirmed a “buy” rating and issued a $189.00 price target on shares of salesforce.com in a report on Friday, November 1st. JMP Securities reaffirmed a “buy” rating and issued a $191.00 price target on shares of salesforce.com in a report on Monday, November 25th. Stephens set a $184.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley lifted their price objective on salesforce.com from $178.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $189.22.

Shares of CRM opened at $156.43 on Wednesday. salesforce.com has a twelve month low of $120.16 and a twelve month high of $167.56. The stock has a market cap of $142.85 billion, a PE ratio of 107.88, a P/E/G ratio of 7.00 and a beta of 1.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $157.25 and its 200-day moving average price is $153.39.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. salesforce.com’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Analysts expect that salesforce.com will post 1.24 earnings per share for the current fiscal year.

In other salesforce.com news, insider Parker Harris sold 620 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $163.22, for a total transaction of $101,196.40. Following the completion of the sale, the insider now directly owns 32,034 shares in the company, valued at $5,228,589.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $149.31, for a total value of $746,550.00. The disclosure for this sale can be found here. Insiders have sold 290,065 shares of company stock worth $45,266,782 over the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp lifted its position in salesforce.com by 159.1% in the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of salesforce.com during the second quarter valued at approximately $26,000. Personal Wealth Partners purchased a new stake in shares of salesforce.com during the second quarter valued at approximately $28,000. Acima Private Wealth LLC grew its holdings in shares of salesforce.com by 250.0% in the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 135 shares during the last quarter. Finally, Enterprise Trust & Investment Co grew its holdings in shares of salesforce.com by 234.4% in the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.

salesforce.com Company Profile

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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