A report released today by Stifel Nicolaus about Oracle Corporation (NYSE:ORCL) lowers the target price to $45.00
- Updated: September 23, 2016
Oracle Corporation (NYSE:ORCL) had its target dropped to $45.00 by Stifel Nicolaus in an issued report announced 9/23/2016. The bumped down stock price target indicates a possible upside of 0.14% based on the company's previous stock price.
Showing a price of $39.51, Oracle Corporation (NYSE:ORCL) traded -0.71% lower on the day. The last closing price is down -2.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Oracle Corporation has recorded a 50-day moving average of $40.75 and a 200-day moving average of $40.35. Trade Volume was up over the average, with 14,017,314 shares of ORCL changing hands over the typical 12,891,500
With a total market value of $0, Oracle Corporation has 52 week low of $33.13 and a 52 week high of $42.00 with a P/E ratio of 18.64 .
In addition to Stifel Nicolaus reporting its stock price target, a total of 34 brokerages have issued a ratings update on the company. The average stock price target is $43.91 with 7 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, 14 brokers rating the stock a hold, four analysts rating the company a underperform, and lastly one analyst rating the company a sell.
General Company Details For Oracle Corporation (NYSE:ORCL)
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. Its hardware business consists of two segments, including hardware products and hardware support. The Company's services business includes the remainder of the Company's segments. Its services business includes activities, such as consulting services, enhanced support services and education services, among others.
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