Exane BNP Paribas Begins Coverage on salesforce.com (NYSE:CRM)

Investment analysts at Exane BNP Paribas began coverage on shares of salesforce.com (NYSE:CRM) in a research report issued to clients and investors on Friday, March 29th. The firm set an “outperform” rating on the CRM provider’s stock.

A number of other research firms have also weighed in on CRM. ValuEngine raised salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Macquarie boosted their target price on salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Robert W. Baird boosted their target price on salesforce.com from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Raymond James upped their price objective on salesforce.com from $165.00 to $200.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $177.82.

NYSE:CRM opened at $155.99 on Friday. The company has a market cap of $120.23 billion, a price-to-earnings ratio of 107.58, a P/E/G ratio of 5.68 and a beta of 1.39. salesforce.com has a twelve month low of $113.60 and a twelve month high of $166.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter in the previous year, the firm earned $0.35 EPS. Research analysts forecast that salesforce.com will post 1.2 EPS for the current fiscal year.

In other salesforce.com news, insider Joe Allanson sold 322 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $162.13, for a total value of $52,205.86. Following the completion of the transaction, the insider now owns 30,618 shares of the company’s stock, valued at approximately $4,964,096.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig Conway sold 200 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $161.08, for a total value of $32,216.00. Following the completion of the sale, the director now directly owns 11,271 shares of the company’s stock, valued at approximately $1,815,532.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 445,691 shares of company stock valued at $70,458,306. 6.00% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of CRM. Patriot Financial Group Insurance Agency LLC acquired a new stake in salesforce.com during the fourth quarter worth approximately $28,000. CX Institutional grew its stake in salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Asset Dedication LLC grew its stake in salesforce.com by 45.3% during the first quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock worth $35,000 after purchasing an additional 68 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in salesforce.com during the fourth quarter worth approximately $36,000. Finally, Aspire Private Capital LLC acquired a new stake in salesforce.com during the fourth quarter worth approximately $36,000. 83.02% of the stock is owned by institutional investors.

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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