Oracle (NYSE:ORCL) price target upped to $43.00, released a ratings update earlier today by RBC Capital
- Updated: September 30, 2016
RBC Capital raised the target price of Oracle (NYSE:ORCL) to $43.00 reporting a possible upside of 0.10%.
On 9/27/2016, Vetr Inc. released a statement for Oracle (NYSE:ORCL) bumped up the target price from $0.00 to $42.91 that suggested an upside of 0.10%.
Boasting a price of $39.12, Oracle (NYSE:ORCL) traded -0.81% lower on the day. With the last stock price close down -3.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Oracle has recorded a 50-day average of $40.54 and a two hundred day average of $40.37. Volume of trade was down over the average, with 8,795,189 shares of ORCL changing hands under the typical 11,856,700
With a total market value of $0, Oracle has price-earnings ratio of 18.58 with a one year low of $33.13 and a one year high of $42.00 .
A total of 34 equity analysts have released a ratings update on ORCL. Seven equity analysts rating the company a strong buy, fifteen equity analysts rating the company a buy, fourteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $43.91.
Brief Synopsis About Oracle (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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