Stock Update (NYSE:ORCL): Oracle Investors Need Patience To ‘Defrost Sentiment’

[at Investor’s Business Daily] – Two weeks after upgrading Oracle (ORCL) to a buy rating with a 44 price target, despite investors’ “terrible” sentiment toward the software giant’s slow growth, investment banker Evercore ISI … Read more on this. Oracle Corporation (ORCL) , currently valued at $142.59B, began trading this morning at $33.88. Looking at the equity, the company’s one day range is $33.13 to $34.23 and has traded between $33.13 and $45.33 over the past year. ORCL shares are currently priced at 13.29x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x earnings multiple. The company pays shareholders $0.60 per share annually in dividends, yielding 1.72%. According to a consensus of 33 analysts, the earnings estimate of $0.62 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.60, which would be a $0.17 better than last year. 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, BMO Capital Markets Initiated ORCL at Market Perform (Jan 8, 2016). Previously, Morgan Stanley downgraded ORCL from Overweight to Equal-Weight. Given all the information above, we should disclose to readers that the average price target is $44.00, which is 29.87% above than it 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 Company Update (NYSE:ORCL): Oracle Slips: Bulls Urge Patience with Cloud Move; Bears Await ‘Inflection’ Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Down on Maxymiser Acquisition