Oracle Rating Reiterated by Goldman Sachs (ORCL)
A number of other analysts have also recently weighed in on ORCL. Analysts at Citigroup Inc. downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Oracle from $43.00 to $48.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Oracle in a research note on Monday. They now have a $47.00 price target on the stock, up previously from $44.00. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.48.
Oracle (NASDAQ:ORCL) opened at 40.66 on Friday. Oracle has a 1-year low of $29.86 and a 1-year high of $43.19. The stock has a 50-day moving average of $41.86 and a 200-day moving average of $38.97. The company has a market cap of $181.3 billion and a price-to-earnings ratio of 17.77. Oracle also was the target of unusually large options trading activity on Tuesday. Investors bought 15,471 call options on the stock. This is an increase of approximately 108% compared to the typical daily volume of 7,424 call options.
Oracle (NASDAQ:ORCL) last announced its earnings results on Thursday, June 19th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.03. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $11.48 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Oracle will post $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%.
In other Oracle news, Director Hector Garcia-Molina sold 1,250 shares of Oracle stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $42.00, for a total value of $52,500.00. 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 provides cloud services as well as software and hardware products to other cloud service providers, both public and private.
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