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Oracle (NYSE:ORCL) target price lowered to $45.00, issued a report today by Stifel

Yesterday Oracle (NYSE:ORCL) traded 0.00% even at $39.51. The company’s 50-day moving average is $40.80 and its 200-day moving average is $40.34. The last closing price is down -2.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 9,679,298 shares of the stock were exchanged, down from an average trading volume of 12,926,400

Oracle (NYSE:ORCL) had its target price lowered to $45.00 by Stifel in a report released 09/23/2016. The new target price indicates a possible upside of 0.14% based on the company's last closing price.

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Oracle (NYSE:ORCL)

Oracle has a 52 week low of $33.13 and a 52 week high of $42.00 with a P/E ratio of 18.77 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 34 firms have reported on the stock. The consensus target price is $43.91 with 7 firms rating the stock a strong buy, 15 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally one equity analyst rating the company a sell.

More 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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