Market Update: Oracle Corporation (NYSE:ORCL) – Oracle Is About to Reward You With a New Rally

[at TheStreet] – Oracle has held a very solid support zone and is setting up as a low-risk buy. Read more on this. Oracle Corporation (ORCL) , valued at $163.55B, started trading this morning at $39.08. During today’s session, ORCL traded between $38.95 to $39.58 and has traded between $33.13 and $45.24 over the past year. ORCL shares are currently priced at 14.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.92x earnings multiple. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.52%. According to a consensus of 32 analysts, the earnings estimate of $0.82 per share would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.62 which would be a $0.15 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.47 Billion. If realized, that would be a 2.24% decrease over the year-ago quarter. More recently, Northland Capital Initiated ORCL at Outperform (Apr 20, 2016). Previously, Macquarie Initiated ORCL at to Outperform. With the above information in mind, readers should note that the average price target is $43.97, which is 12.51% above where the stock 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 Stock Update: Oracle Corporation (NYSE:ORCL) – Analyzing Oracle’s Return on Equity (ROE) (ORCL)