Recent Research Analysts’ Ratings Updates for Oracle (ORCL)

Several analysts have recently updated their ratings and price targets for Oracle (NYSE: ORCL):

  • 1/3/2018 – Oracle was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $47.71 price target on the stock, up previously from $46.63.
  • 1/2/2018 – Oracle had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock. They wrote, “We believe these reports are inaccurate and we would be buyers of Oracle on any weakness this afternoon.””
  • 12/31/2017 – Oracle was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/19/2017 – Oracle was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Oracle reported encouraging second-quarter results, with both the top and bottom line surpassing the Zacks Consensus Estimate. Also, year-over-year comparisons on both counts were favourable. Oracle’s top-line growth benefited from the ongoing cloud-based momentum. However, the company’s soft cloud outlook for the third quarter reflects intensifying competition from Microsoft Azure and Amazon Web Services (AWS) in the cloud. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. Further, a strong U.S. dollar remains a headwind. Shares of the company have also underperformed the industry on a year-to-date basis. Nevertheless, we believe that the company is benefiting from significant momentum in the SaaS offerings. Moreover, the next-generation autonomous database, which is supported by machine learning, is a key catalyst.”
  • 12/18/2017 – Oracle was given a new $55.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 12/18/2017 – Oracle was given a new $51.00 price target on by analysts at Royal Bank of Canada. They now have a “neutral” rating on the stock.
  • 12/15/2017 – Oracle had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $58.00 price target on the stock.
  • 12/15/2017 – Oracle had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 12/15/2017 – Oracle was given a new $58.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “buy” rating on the stock.
  • 12/15/2017 – Oracle had its price target lowered by analysts at Canaccord Genuity from $57.00 to $53.00. They now have a “buy” rating on the stock.
  • 12/15/2017 – Oracle had its price target lowered by analysts at BMO Capital Markets from $57.00 to $55.00. They now have an “outperform” rating on the stock.
  • 12/15/2017 – Oracle was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating.
  • 12/15/2017 – Oracle was given a new $61.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 12/15/2017 – Oracle was given a new $55.00 price target on by analysts at UBS Group AG. They now have a “neutral” rating on the stock.
  • 12/12/2017 – Oracle was given a new $55.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 12/12/2017 – Oracle had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock. They wrote, “We believe the new innovations announced at Oracle OpenWorld in early October can take Oracle’s cloud portfolio to a whole new level and we believe the stock can continue to move in an upward trajectory over the next year. At OpenWorld, Oracle unveiled the Oracle 18c Autonomous Database, described as the world’s first and only fully autonomous database” and a major database innovation for the company.””
  • 12/12/2017 – Oracle was given a new $53.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 12/11/2017 – Oracle was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $52.33 price target on the stock.
  • 12/6/2017 – Oracle had its price target raised by analysts at Royal Bank of Canada to $53.00. They now have an “outperform” rating on the stock.
  • 12/6/2017 – Oracle was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Oracle has underperformed the industry on a year-to-date basis. The company’s soft outlook for the second quarter reflects intensifying competition from Microsoft Azure and Amazon Web Services (AWS) in the cloud. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. Nevertheless, we believe that the company is benefiting from significant momentum in the SaaS offerings. Oracle claims that it is wining market share against salesforce.com and Workday, which is a significant growth driver. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the next-generation autonomous database, which is supported by machine learning, is a key catalyst. Further, the company has positive record of earnings surprises in recent quarters.”
  • 11/21/2017 – Oracle had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $62.00 price target on the stock.
  • 11/20/2017 – Oracle was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $51.82 price target on the stock.
  • 11/15/2017 – Oracle was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Oracle is benefiting from significant momentum in the SaaS offerings. The company stated that it is wining market share against salesforce.com and Workday. We believe the company’s growing cloud market share will continue to drive top-line growth in the foreseeable future. Moreover, the next-generation autonomous database, which is supported by machine learning, is a key catalyst. Moreover, the company has positive record of earnings surprises in recent quarters. However, soft outlook for the second quarter reflects slowing cloud momentum, particularly due to increasing competition from Microsoft Azure and Amazon Web Services. Moreover, higher investments on PaaS and IaaS will keep margins under pressure in the near term. The stock has underperformed the industry on a year-to-date basis.”
  • 11/13/2017 – Oracle was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $55.49 price target on the stock.
  • 11/9/2017 – Oracle had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $55.00 price target on the stock, down previously from $57.00.
  • 11/6/2017 – Oracle was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $55.49 price target on the stock.

Oracle Corporation (ORCL) traded up $0.47 on Thursday, hitting $48.18. The stock had a trading volume of 19,803,950 shares, compared to its average volume of 23,116,150. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.07 and a quick ratio of 5.04. Oracle Corporation has a twelve month low of $38.38 and a twelve month high of $53.14. The firm has a market capitalization of $201,080.00, a PE ratio of 20.68, a P/E/G ratio of 1.78 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. equities research analysts forecast that Oracle Corporation will post 2.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, January 9th. Oracle’s dividend payout ratio (DPR) is currently 32.62%.

In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of Oracle stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $48.40, for a total value of $181,500.00. Following the sale, the director now owns 18,125 shares of the company’s stock, valued at approximately $877,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 100,000 shares of Oracle stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $47.59, for a total value of $4,759,000.00. Following the completion of the sale, the executive vice president now directly owns 136,954 shares in the company, valued at approximately $6,517,640.86. The disclosure for this sale can be found here. Insiders have sold 111,250 shares of company stock worth $5,306,238 in the last quarter. Insiders own 29.00% of the company’s stock.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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