Stock Update: Oracle Corporation (NYSE:ORCL) – Oracle Enhances Retail Suite, Adds New Retail Cloud Services to Largest Portfolio of Enterprise SaaS Applications

[Marketwired] – To help retailers deliver a consistent experience anywhere customers choose to shop, Oracle today introduced a comprehensive suite of cloud and on-premise solutions embedded with the industry-leading analytics … Read more on this. Oracle Corporation (ORCL) , with a current value of $145.74B, started trading this morning at $34.75. During the trading session, ORCL traded between $34.60 to $34.97 with its 52-week range being $34.60 to $45.33. ORCL shares are currently priced at 13.33x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.42x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 1.64%. Consensus earnings for the current quarter by the 33 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.60, which would be a $0.17 setback when compared to the last 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. In terms of ratings, BMO Capital Markets Initiated ORCL at Market Perform (Jan 8, 2016). Previously, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight. With the above information in mind, readers should note that the average price target is $43.65, which is 25.61% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Market Update: Oracle Corporation (NYSE:ORCL) – Clear Skies For Oracle Despite Cloud Revenue Struggles Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle Belongs in Your Portfolio In 2016 Market Update (NYSE:ORCL): Oracle Helps Organizations Power Customer Experiences With Latest Releases of Oracle Service Cloud and Oracle Social Cloud