Oracle Given Average Rating of “Buy” by Brokerages (NASDAQ:ORCL)
Shares of Oracle (NASDAQ:ORCL) have earned a consensus rating of “Buy” from the thirty-seven analysts that are currently covering the stock, Analyst RN reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.75.
Shares of Oracle (NASDAQ:ORCL) opened at 41.27 on Monday. 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 $40.51 and its 200-day moving average is $40.31. The company has a market cap of $183.9 billion and a price-to-earnings ratio of 17.50.
Oracle (NASDAQ:ORCL) last released its earnings data 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 prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on ORCL shares. Analysts at DA Davidson initiated coverage on shares of Oracle in a research note on Tuesday. They set a “neutral” rating and a $46.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note on Friday, August 22nd. They now have a $44.00 price target on the stock. Finally, 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.
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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