Oracle Corp. Stock Rating Reaffirmed by TheStreet (ORCL)
Oracle Corp. (NASDAQ:ORCL)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Sunday, 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Oracle Corp. (NASDAQ:ORCL) opened at 33.15 on Friday. Oracle Corp. has a 52 week low of $29.52 and a 52 week high of $36.43. The stock’s 50-day moving average is $32.50 and its 200-day moving average is $33.02. The company has a market cap of $151.1 billion and a price-to-earnings ratio of 14.21. Oracle Corp. also was the recipient of some unusual options trading activity on Friday. Stock traders purchased 20,763 call options on the stock. This represents an increase of 127% compared to the average daily volume of 9,157 call options.
Oracle Corp. (NASDAQ:ORCL) last posted its quarterly earnings results 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. On average, analysts predict that Oracle Corp. will post $2.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Stockholders 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 1.45%. The ex-dividend date of this dividend is Friday, October 4th.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein raised their price target on shares of Oracle Corp. from $33.00 to $35.00 in a research note to investors on Tuesday, October 15th. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Oracle Corp. has a consensus rating of “Buy” and a consensus price target of $36.55.
In other Oracle Corp. news, EVP Thomas Kurian sold 232,616 shares of Oracle Corp. stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $33.10, for a total transaction of $7,699,589.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
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