CRM recently found their price targets reduced by the analysts at Morgan Stanley in one of the research papers that was published last Thursday. According to Benzinga, the price objective was reduced from $275 to $370, and the firm currently has a rating of ‘equal weight’ on the stocks. The price target set by Morgan Stanley implies a potential increase of about 19.46% on the previous close of the company.
There have been quite a few brokerages that have been voicing their opinions on the stocks of CRM. The GS Group reinforced its rating of buy, along with a target price of $275 on the shares of the company. Pritchard Capital, too, cut down the shares of the company and then changed the rating from ‘buy’ to ‘neutral’.
The Price Objective of CRM
The price objective of the firm was also reduced from $300 to $250 in one of their Wednesday reports. Credit Suisse Group also set up a target price for the company at around $245, along with a rating of ‘buy’. Currently, there are two research analysts who have given the stock a rating for sell, while eight of them have given it a rating of a hold. Thirty-two of the analysts have given it a rating of buy, while there are two who have issued a strong-buy rating. The average rating for the company is ‘Buy’, with a target price at an average of $259.46.
The stocks of CRM opened up at $226.02 last Thursday. The year low for CRM stands at $115.29, while the year high stands at $284.50. The current ratio of the company is 1.5, with the debt-to-equity ratio of the company is 0.07. The moving average over 50-days is $251.15, while that of 200-days is $219.81. The market cap for the firm is $223.68 billion, while the PE ratio is 59.01.