Oracle Corp.’s Buy Rating Reaffirmed at TheStreet (ORCL)
Oracle Corp. (NASDAQ:ORCL)‘s stock had its “buy” rating restated by equities research analysts at TheStreet in a research note issued to investors on Sunday, StockRatingsNetwork 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.”
ORCL has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Oracle Corp. from $37.00 to $39.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Oracle Corp. from $36.00 to $41.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Oracle Corp. from $35.00 to $40.00 in a research note to investors on Thursday, December 19th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.47.
Oracle Corp. (NASDAQ:ORCL) opened at 37.62 on Friday. Oracle Corp. has a 52 week low of $29.86 and a 52 week high of $38.34. The stock’s 50-day moving average is $35.54 and its 200-day moving average is $33.3. The company has a market cap of $169.2 billion and a price-to-earnings ratio of 16.10. Oracle Corp. also was the target of unusually large options trading activity on Thursday. Traders bought 164,745 call options on the company. This represents an increase of 499% compared to the average daily volume of 27,485 call options.
Oracle Corp. (NASDAQ:ORCL) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter last year, the company posted $0.64 earnings per share. Oracle Corp.’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Oracle Corp. will post $2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders of record on Tuesday, January 7th will be paid a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, January 3rd.
In other Oracle Corp. news, Director Jeffrey Berg sold 19,206 shares of Oracle Corp. stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $37.94, for a total value of $728,675.64. Following the transaction, the director now directly owns 97,293 shares of the company’s stock, valued at approximately $3,691,296. 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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