salesforce.com (NYSE:CRM) Stock Rating Reaffirmed by UBS Group

salesforce.com (NYSE:CRM)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a report released on Wednesday, Borsen Zeitung reports. They currently have a $190.00 target price on the CRM provider’s stock. UBS Group’s price target indicates a potential upside of 20.09% from the company’s previous close.

Several other research analysts have also recently weighed in on CRM. Credit Suisse Group reissued an “outperform” rating and set a $185.00 price target (up previously from $175.00) on shares of salesforce.com in a research report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a $195.00 price objective (up from $171.00) on shares of salesforce.com in a research report on Sunday, November 17th. Stephens set a $184.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Piper Jaffray Companies started coverage on shares of salesforce.com in a report on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 target price on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, forty have given 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 $189.68.

Shares of salesforce.com stock opened at $158.22 on Wednesday. salesforce.com has a one year low of $120.16 and a one year high of $167.56. The company has a market cap of $142.85 billion, a price-to-earnings ratio of 109.12, a PEG ratio of 7.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50 day moving average price is $157.37 and its 200 day moving average price is $153.41.

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

In other news, CFO Mark J. Hawkins sold 87,774 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $160.14, for a total value of $14,056,128.36. Following the completion of the transaction, the chief financial officer now owns 42,780 shares of the company’s stock, valued at $6,850,789.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Amy E. Weaver sold 5,259 shares of salesforce.com stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $151.65, for a total transaction of $797,527.35. Following the completion of the transaction, the general counsel now owns 30,005 shares of the company’s stock, valued at approximately $4,550,258.25. The disclosure for this sale can be found here. Insiders sold a total of 290,065 shares of company stock worth $45,266,782 in the last quarter. Company insiders own 5.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CRM. Investors Research Corp boosted its holdings 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 period. Massey Quick Simon & CO. LLC purchased a new stake in salesforce.com during the 2nd quarter worth about $26,000. Personal Wealth Partners purchased a new stake in salesforce.com during the 2nd quarter worth about $28,000. Acima Private Wealth LLC raised its position in salesforce.com by 250.0% in the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Finally, Enterprise Trust & Investment Co raised its position in salesforce.com by 234.4% in the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. 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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