Market Update: Oracle Corporation (NYSE:ORCL) – Clear Skies For Oracle Despite Cloud Revenue Struggles

[at Investopedia] – With ORCL stock priced at just 12 times fiscal 2017 estimates of $2.82, its fair value should reach $45 in the next 12 to 18 months when applying a multiple of 16 to those estimates, which would yield … Read more on this. Oracle Corporation (ORCL) , valued at $154.29B, began trading this morning at $36.83. During the trading session, ORCL traded between $36.47 to $36.86 with the price of the stock fluctuating between $35.14 to $46.50 over the last 52 weeks. ORCL shares are currently priced at 14.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.02x forward p/e ratio. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.64%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.60 is a $0.17 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.13 Billion. If reported, that would be a 2.14% decrease over the year-ago quarter. More recently, Jefferies upgraded ORCL from Hold to Buy (Jul 30, 2015). Previously, Wunderlich Initiated ORCL at to Hold. When considering if the stock is under or overvalued, the average price target is $43.88, which is 19.14% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities Market Update (NYSE:ORCL): Oracle Helps Organizations Power Customer Experiences With Latest Releases of Oracle Service Cloud and Oracle Social Cloud Company Update: Oracle Corporation (NYSE:ORCL) – Oracle Sales Cloud Enhancements Help Sales Teams Increase Business Agility and Revenue