Salesforce.Com Inc (NYSE:CRM) shares traded -3.41% down during most recent session to reach at the closing price of $139.24. The stock exchanged hands 6.98 Million shares versus average trading capacity of 6.81 Million shares, yielding a market cap of $104.25 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $171.78 within the next 52-weeks. The mean target projections are based on 40 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Salesforce.Com Inc (NYSE:CRM) high price target of $189 and with a conservative view have low price target of $139.
PiperJaffray “Maintained” Salesforce.Com Inc (NYSE:CRM) in a research note issued to investors on 11/21/18 to Overweight with price target of $160.
Additionally on 10/30/18 Nomura “Initiates Coverage On” Salesforce.Com Inc (NYSE:CRM) to Buy setting price target at $181 and on 9/28/18 Baird “Maintained” the stock to Outperform at $180. Furthermore on 9/28/18 Deutsche Bank “Maintained” the stock to Buy at $180.
On the other hand the company has Relative Strength Index (RSI 14) of 52.67 along with Average True Range (ATR 14) of 6.18, Consequently Salesforce.Com Inc (NYSE:CRM)’s weekly and monthly volatility is 4.14%, 4.35% respectively. The company’s beta value is at 1.42.
In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Salesforce.Com Inc (NYSE:CRM)’s minimum EPS for the current quarter is at $0.52 and can go high up to $0.59. The consensus mean EPS for the current quarter is at $0.55 derived from a total of 35 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.35 earnings per share for the same quarter during last year.
Previously Salesforce.Com Inc (NYSE:CRM) reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.5 by $0.11. The company posted an earnings surprise of 22%.
Salesforce.Com Inc (NYSE:CRM)’s revenue estimates for the current quarter are $3.55 Billion according to 35 number of analysts, for the current quarter the company has high revenue estimates of $3.64 Billion in contradiction of low revenue estimates of $3.49 Billion. For the current year the company’s revenue estimates are $13.23 Billion compared to low analyst estimates of $13.12 Billion and high estimates of $13.32 Billion according to 40 number of analysts.
Currently Salesforce.Com Inc (NYSE:CRM)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 85.6%. However the six-month change in the insider ownership was recorded -66.79%, as well as three-month change in the institutional ownership was recorded -0.13%.