Stifel Nicolaus Initiates Coverage on Oracle (ORCL)
A number of other firms have also recently commented on ORCL. Analysts at Citigroup (NYSE: C) raised their price target on shares of Oracle from $32.00 to $34.00 in a research note to investors on Monday, April 30th. Separately, analysts at CL King initiated coverage on shares of Oracle in a research note to investors on Friday, March 30th. They set a “neutral” rating on the stock. Finally, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Oracle from $29.00 to $28.00 in a research note to investors on Wednesday, March 21st.
Oracle traded down 0.69% on Friday, hitting $28.215. Oracle has a 52-week low of $24.72 and a 52-week high of $36.50. The company has a market cap of $140.4 billion and a price-to-earnings ratio of 14.88.
Oracle last posted its quarterly earnings results on Tuesday, March 20th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.06. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Oracle will post $0.53 EPS next quarter.
Oracle Corporation, incorporated in 2005, is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, applications software and hardware systems, consisting primarily of computer server and storage products.