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, American Banking & Market News 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 notable return on equity, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
In other Oracle Corp. news, Director Hector Garcia-Molina sold 2,500 shares of the stock on the open market in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $38.21, for a total value of $95,525.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $191,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Oracle Corp. (NASDAQ:ORCL) opened at 36.6875 on Tuesday. Oracle Corp. has a 52 week low of $29.86 and a 52 week high of $38.77. The stock’s 50-day moving average is $36.83 and its 200-day moving average is $34.09. The company has a market cap of $165.0 billion and a P/E ratio of 15.53.
Oracle Corp. (NASDAQ:ORCL) last announced its earnings results on Wednesday, December 18th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Oracle Corp. will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 7th will be paid a dividend of 0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, January 3rd.
A number of other analysts have also recently weighed in on ORCL. Analysts at Deutsche Bank upgraded shares of Oracle Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd. They now have a $33.00 price target on the stock, down previously from $45.00. Separately, analysts at Oppenheimer downgraded shares of Oracle Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 22nd. They now have a $37.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Canaccord Genuity raised their price target on shares of Oracle Corp. from $39.00 to $43.00 in a research note to investors on Friday, January 17th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.55.
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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