Market Update: Oracle Corporation (NYSE:ORCL) – Analyst Recommendations for Oracle

[Market Realist] – Of the 41 analysts covering Oracle stock, 23 have issued “buy” recommendations, four have issued “sell” recommendations, and 14 have issued “hold” recommendations. Read more on this. Oracle Corporation (ORCL) , with a current market cap of $166.24B, started the session at $40.59. A quick look at the market, the company’s stock traded between $40.03 and $40.59 and has traded between $33.13 and $45.24 over the past year. ORCL shares are currently priced at 15.55x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.35x earnings multiple for the same period. The company pays shareholders $0.60 per share annually in dividends, yielding 1.46%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.82 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.62 is a $0.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.46 Billion. If realized, that would be a 2.33% decrease over the year-ago quarter. More recently, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. Given all the information above, we should disclose to readers that the average price target is $43.65, which is 7.54% above than it opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle (ORCL) Stock is Down Today Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities