Company Update (NYSE:ORCL): Will Oracle (ORCL) Stock Be Helped by Ravello Systems Acquisition?

[at TheStreet] – Oracle (ORCL) stock is decreasing in pre-market trading on Tuesday as the company agreed to purchase Israel-based cloud company Ravello Systems. Read more on this. Oracle Corporation (ORCL) , with a current market cap of $153.87B, started the session at $37.11. A quick look at the market, the company’s stock traded between $36.57 and $37.11 with its 52-week range being $33.13 to $45.24. Priced at 14.27x this year’s forecasted earnings, ORCL shares are relatively expensive compared to the industry ’s 6.67x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 1.63%. According to a consensus of 32 analysts, the earnings estimate of $0.62 per share would be $0.06 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.60 which would be a $0.17 setback than last year’s full-year earnings. 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, 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 $43.75, which is 17.89% above than it opened this morning. See more in (NYSE:ORCL) Similar Articles: Stock Update (NYSE:ORCL): Will Oracle (ORCL) Stock Be Helped by Integration Services Expansion? Company Update (NYSE:ORCL): Oracle (ORCL) Stock Continues to Fall on Mixed Earnings Company Update: Oracle Corporation (NYSE:ORCL) – What to Expect When Oracle (ORCL) Reports Earnings Tomorrow