Zacks Investment Research downgraded Oracle Corporation (NYSE:ORCL) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Oracle Corporation(NYSE:ORCL) to Sell in a statement released on Tuesday September 20 2016.
On 9/19/2016, Vetr Inc. released a statement about Oracle Corporation(NYSE:ORCL) upped the target price from $0.00 to $44.65. At the time, this suggested an upside of 0.15%.
Showing a price of $39.23, Oracle Corporation (NYSE:ORCL) traded 0.19% lower on the day. The last close is down 2.94% from the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. Oracle Corporation has been tracking to a 50-day moving average of $40.93 and two hundred day moving average of $40.34. Volume of trade was was down over the average, with 10,259,828 shares of ORCL changing hands under the typical 13,194,200 shares.
Recent Performance Graphic:
Oracle Corporation has a one-year low of $33.13 and a one-year high of $42.00 with a PE ratio of 19. The company’s market cap is presently $0.0.
A total of 34 brokerages have issued a report on the company. Seven analysts rate the stock a strong buy, 15 analysts rate the stock a buy, 14 analyts rate the company a hold, four analysts rate the company to underperform, and finally one analystrate the stock as sell with a 12-month target stock price of $43.91
About 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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