Oracle Corp. Upgraded by Erste Group to Buy (ORCL)
Oracle Corp. (NASDAQ:ORCL) was upgraded by analysts at Erste Group to a “buy” rating in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports.
Shares of Oracle Corp. (NASDAQ:ORCL) traded up 1.28% on Friday, hitting $37.19. The stock had a trading volume of 13,202,455 shares. Oracle Corp. has a 52 week low of $29.86 and a 52 week high of $38.77. The stock has a 50-day moving average of $37.44 and a 200-day moving average of $34.3. The company has a market cap of $167.3 billion and a price-to-earnings ratio of 15.63.
Oracle Corp. (NASDAQ:ORCL) last issued its quarterly earnings data 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. Analysts expect that Oracle Corp. will post $2.92 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Oracle Corp. in a research note to investors on Friday. Separately, analysts at Sterne Agee initiated coverage on shares of Oracle Corp. in a research note to investors on Tuesday. They set a “neutral” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Oracle Corp. has an average rating of “Buy” and a consensus price target of $37.63.
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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