Salesforce Inc. (NYSE:CRM – Get Free Report) traded down 1.4% on Monday. The company traded as low as $225.15 and last traded at $225.8660. 6,580,760 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 13,213,235 shares. The stock had previously closed at $229.17.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CRM shares. Wolfe Research upgraded shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Barclays downgraded shares of Salesforce from an “overweight” rating to a “positive” rating in a research report on Monday, October 12th. KeyCorp initiated coverage on shares of Salesforce in a research report on Monday, October 12th. They issued a “sector weight” rating for the company. Argus upped their target price on shares of Salesforce from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Salesforce in a research report on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.98.
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Salesforce Stock Down 1.4%
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The firm’s 50 day moving average is $238.94 and its two-hundred day moving average is $198.88. The firm has a market cap of $185.89 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02.
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