A statement released earlier today by RBC Capital Markets about Oracle Corporation (NYSE:ORCL) bumps down the target price to $42.00
- Updated: September 16, 2016
Boasting a price of $39.54, Oracle Corporation (NYSE:ORCL) traded 1.52% higher on the day. The last stock price is down 1.43% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. ORCL has logged a 50-day moving average of $41.04 and 200-day moving average of $40.28. Trading volume was was up over the average, with 19,092,475 shares of ORCL changing hands over the typical 12,912,400 shares.
In a report issued 9/16/2016 RBC Capital Markets reduced the target price of Oracle Corporation (NYSE:ORCL) from $43 to $42 reporting a possible upsideof 0.06%.
Previously on 9/14/2016, Vetr Inc. released a statement on Oracle Corporation(NYSE:ORCL) upped the target price from $0.00 to $45.08. At the time, this suggested an upside of 0.12%.
Recent Performance Graphic:
A total of 34 brokerages have released a ratings update on ORCL. Seven firms rate the company a strong buy, 15 analysts rate the stock a buy, 14 analyts rate the company a hold, four analysts rate the stock to underperform, and finally one analystrate the company as sell with a 12-month target of $43.91
Oracle Corporation has a 52 week low of $33.13 and a 52 week high of $42.00 with a P/E ratio of 20. Oracle Corporation’s market cap is presently $0.0.
Brief Synopsis On 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, and among others.
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