Oracle Corporation (ORCL) Receives Consensus Rating of “Buy” from Analysts
Oracle Corporation (NYSE:ORCL) has earned an average recommendation of “Buy” from the forty-four analysts that are currently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $55.29.
ORCL has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Oracle in a report on Tuesday, September 5th. They set an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Vetr downgraded shares of Oracle from a “buy” rating to a “hold” rating and set a $46.58 price objective on the stock. in a report on Sunday, September 3rd. ValuEngine upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS restated a “neutral” rating and set a $55.00 price objective (down previously from $57.00) on shares of Oracle in a report on Thursday, November 9th.
In related news, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.83, for a total transaction of $183,112.50. Following the completion of the transaction, the director now owns 18,125 shares in the company, valued at $885,043.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George H. Conrades sold 56,250 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $48.25, for a total transaction of $2,714,062.50. Following the transaction, the director now owns 66,250 shares of the company’s stock, valued at approximately $3,196,562.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock valued at $14,821,999. 29.00% of the stock is owned by company insiders.
Oracle (NYSE:ORCL) traded up $1.08 during trading on Monday, hitting $49.60. 14,732,300 shares of the company were exchanged, compared to its average volume of 13,267,127. The company has a quick ratio of 3.61, a current ratio of 3.63 and a debt-to-equity ratio of 0.86. Oracle has a 52 week low of $38.30 and a 52 week high of $53.14. The firm has a market cap of $207,004.89, a P/E ratio of 19.45, a PEG ratio of 1.89 and a beta of 1.05.
Oracle (NYSE:ORCL) last released its earnings results on Thursday, September 14th. The enterprise software provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Oracle had a net margin of 25.34% and a return on equity of 20.55%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Oracle’s quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that Oracle will post 2.68 earnings per share for the current fiscal year.
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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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