ThinkEquity Lowers Oracle to Hold (ORCL)

By admin | 6 years ago

Oracle (NASDAQ: ORCL) was downgraded by analysts at ThinkEquity from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They currently have a $28.00 price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Oracle in a research note to investors on Friday, May 4th. They set a “buy” rating and a $34.00 price target on the stock. Separately, 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. Finally, 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.

Oracle traded up 0.56% on Thursday, hitting $27.17. Oracle has a 52-week low of $24.72 and a 52-week high of $35.92. The company has a market cap of $135.2 billion and a price-to-earnings ratio of 14.15.

Oracle last posted its quarterly earnings results on Tuesday, March 20th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. The company’s revenue for the quarter 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.

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