Stock Update: Salesforce.com Inc (NYSE:CRM) – Jefferies Upgrades Salesforce, But Sees Little Upside For Investors At Current Prices

[Benzinga] – Shares of salesforce.com, inc. (NYSE: CRM ) have declined 26.44 percent over the past three months, to a low of $54.05 on February 8. Jefferies’ John DiFucci has upgraded the rating on the company to Hold, … Read more on this. salesforce.com, inc. (CRM) , with a current value of $37.08B, started trading this morning at $53.64. Looking at the stock, its one day range is $52.79 to $58.26 with the price of the stock fluctuating between $52.60 to $82.90 over the last 52 weeks. CRM shares are currently priced at 72.07x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x forward p/e ratio. According to a consensus of 41 analysts, the earnings estimate of $0.19 per share would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.75 would be a $0.23 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.79 Billion. If reported, that would be a 24.31% increase over the year-ago quarter. In terms of ratings, Wedbush upgraded CRM from Neutral to Outperform (Dec 18, 2015). Previously, Pivotal Research Group upgraded CRM from Hold to Buy. The average price target for CRM shares is $89.64, which is 67.11% above where the stock opened this morning. See more in (NYSE:CRM) Similar Articles: Market Update: Salesforce.com Inc (NYSE:CRM) – [$$] Salesforce.com Has 25% Upside, Analyst Asserts Stock Update: Salesforce.com Inc (NYSE:CRM) – Wedbush Upgrades Salesforce.com, Cites Opportunity To ‘Disrupt Software Categories’ Company Update: Salesforce.com Inc (NYSE:CRM) – How $50 billion Salesforce is turning into one of the most aggressive investors in Silicon Valley