Market Update (NYSE:ORCL): One Reason Oracle (ORCL) Stock Is Rising Today

[at TheStreet] – Oracle (ORCL) stock is higher this afternoon after Credit Suisse reiterated its ‘outperform’ rating given its potential in cloud computing. Read more on this. Oracle Corporation (ORCL) , valued at $171.14B, started the session at $41.31. Today, shares have traded between $41.18 and $41.46 per share with a trailing 52-week range being $33.13 to $45.24. Oracle (ORCL) shares are currently priced at 15.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.70x earnings multiple for the same period. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 1.49%. According to a consensus of 31 analysts, the earnings estimate of $0.82 per share would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.62 would be a $0.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.42 Billion. If reported, that would be a 2.71% decrease over the year-ago quarter. More recently, Macquarie Initiated ORCL at Outperform (Mar 4, 2016). Previously, BMO Capital Markets Initiated ORCL at to Market Perform. When considering if the stock is under or overvalued, the average price target is $43.77, which is 5.95% above where the stock opened this morning. See more in (NYSE:ORCL) Similar Articles: Company Update: Oracle Corporation (NYSE:ORCL) – Here’s Why Oracle (ORCL) Stock is Down Today Stock Update (NYSE:ORCL): Oracle Gives Analysts Some Fun Watching Cloud Rising, Stock Too Company Update: Oracle Corporation (NYSE:ORCL) – Oracle (ORCL) Stock Jumps, Analysts Bullish Long Term