Oracle Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ORCL)
Oracle (NASDAQ:ORCL) has received a consensus recommendation of “Buy” from the thirty-six ratings firms that are currently covering the company, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.65.
A number of analysts have recently weighed in on ORCL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note on Friday. They now have a $44.00 price target on the stock. Separately, analysts at Atlantic Securities upgraded shares of Oracle from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 2nd. They now have a $48.00 price target on the stock, up previously from $39.00. Finally, analysts at Susquehanna raised their price target on shares of Oracle from $45.00 to $47.00 in a research note on Friday, June 20th. They now have a “positive” rating on the stock.
Oracle (NASDAQ:ORCL) traded up 0.92% on Monday, hitting $42.015. The stock had a trading volume of 3,062,137 shares. Oracle has a 52-week low of $31.56 and a 52-week high of $43.19. The stock’s 50-day moving average is $40.39 and its 200-day moving average is $40.17. The company has a market cap of $187.2 billion and a price-to-earnings ratio of 17.49.
Oracle (NASDAQ:ORCL) last posted its quarterly 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 $3.16 earnings per share for the current fiscal year.
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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