Oracle Corp. Stock Rating Reaffirmed by TheStreet (ORCL)
Oracle Corp. (NASDAQ:ORCL)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Tuesday, StockRatingsNetwork.com reports.
The analysts wrote, “Oracle Corporation (ORCL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
In other Oracle Corp. news, SVP Dorian Daley sold 100,000 shares of Oracle Corp. stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $33.93, for a total transaction of $3,393,000.00. Following the sale, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $169,650. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Oracle Corp. (NASDAQ:ORCL) traded down 1.04% on Tuesday, hitting $32.50. The stock had a trading volume of 11,915,537 shares. Oracle Corp. has a 1-year low of $29.52 and a 1-year high of $36.43. The stock has a 50-day moving average of $32.8 and a 200-day moving average of $32.79. The company has a market cap of $148.1 billion and a price-to-earnings ratio of 14.11.
Oracle Corp. (NASDAQ:ORCL) last released its earnings data on Wednesday, September 18th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, October 4th.
A number of other analysts have also recently weighed in on ORCL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Oracle Corp. in a research note to investors on Friday, September 27th. They now have a $32.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Oracle Corp. from $34.00 to $36.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Oracle Corp. to $37.00 in a research note to investors on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Oracle Corp. presently has a consensus rating of “Buy” and an average target price of $36.40.
Oracle Corporation is a provider of enterprise software and computer hardware products and services. The Company’s software, hardware systems, and services businesses develops, manufactures, markets, hosts and supports database and middleware software, applications software, and hardware systems, with the latter consisting primarily of computer server and storage products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.