Salesforce.com Inc Common Stock (NYSE:CRM):
Salesforce to Hold Investor Day at Dreamforce 2016.
The company is up by 2.24 percent from yesterday’s close.
Shares last traded at $71.62 a tad under $76.25, the 50 day moving average and which is just a bit below the 200 day moving average of $77.86. The 50 day moving average was down by -6.08% whereas the 200 day average was down by -8.01%.
The P/E ratio is 221.05 and the market value is 49.06B. In the last earnings report the EPS was $0.32 and is expected to be $0.95 for the current year with 685,000,000 shares outstanding. Next quarter’s EPS is forecasted at $0.25 and the next full year EPS is projected to be $1.28.
Several brokerages have issued ratings on the company recently. On September 1 Wunderlich maintained a stock rating of “Buy” but moved up the price target from $89.00 to $101.00. September 1 investment analysts at Morgan Stanley made no change to the stock rating of “Buy” and lowered the price target to $89.00 from $110.00.
On September 1 Citigroup held the company rating at “Buy” but lowered the price target from $94.00 to $89.00. On August 15 the company was set at “Mixed” by OTR Global which was a cut from the previous “” rating.
On July 25 Morgan Stanley kept the company rating at “Overweight” and raised the price expectation to $110.00 from $89.00. On July 20 Citigroup made no change to the company rating of “Buy” but raised the price expectation from $89.00 to $94.00.