Market Update (NYSE:ORCL): Will Oracle (ORCL) Stock Be Lifted by Evercore ISI’s Bullish Outlook?

[at TheStreet] – Oracle (ORCL) stock was upgraded to ‘buy’ from ‘hold’ by analysts at Evercore ISI this morning. Read more on this. Oracle Corporation (ORCL) , valued at $151.29B, opened this morning at $35.48. Looking at today’s market, ORCL one day range is $35.38 to $36.01 with its 52-week range being $35.14 to $45.33. ORCL shares are currently priced at 13.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.55x earnings multiple. The company pays shareholders $0.60 per share in dividend income per year, for a current yield of 1.64%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.62 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.60 would be a $0.17 setback 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. Recently, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight (Nov 11, 2015). Previously, FBR Capital downgraded ORCL from Outperform to Mkt Perform. With the above information in mind, readers should note that the average price target is $43.88, which is 23.68% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Stock Update (NYSE:ORCL): Oracle (ORCL) Stock Surges Ahead of Earnings Release Market Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Falling on Rating Downgrade at JMP Securities Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition
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