Oracle (NASDAQ:ORCL)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Monday, AR Network reports.
The analysts wrote, “Oracle Corporation (ORCL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Oracle (NASDAQ:ORCL) traded up 0.63% during mid-day trading on Monday, hitting $39.66. The stock had a trading volume of 5,428,957 shares. Oracle has a 1-year low of $29.86 and a 1-year high of $39.50. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $35.06. The company has a market cap of $178.4 billion and a price-to-earnings ratio of 16.77.
Oracle (NASDAQ:ORCL) last announced its earnings results on Wednesday, December 18th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Oracle will post $2.92 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ORCL. Analysts at Susquehanna raised their price target on shares of Oracle from $40.00 to $45.00 in a research note on Monday. They now have a “positive” rating on the stock. Separately, analysts at B. Riley initiated coverage on shares of Oracle in a research note on Thursday, February 27th. They set a “buy” rating and a $48.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Oracle in a research note on Tuesday, February 18th. They now have a $40.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Oracle currently has a consensus rating of “Buy” and a consensus price target of $38.39.
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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