Oracle (NYSE:ORCL) Rating Reaffirmed
They currently have a $46.0 Estimated Target Price on Oracle (NYSE:ORCL). The target price by RBC Capital Mkts would suggest a potential upside of 18.22% from the company’s previous stock close. This has been revealed to clients and investors in an analyst research report on Thursday morning.
From a total of 34 analysts covering Oracle (NYSE:ORCL) stock, 20 rate it a ”Buy”, 5 a “Sell”, and 14 a ”Hold”. This means that 51% of the ratings are positive. The highest target price is $52 while the lowest target price is $31. The mean of all analyst targets is $44.15 with a 15.93% above today’s ($38.91) stock price. Oracle was the topic of 14 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on November 16 to “Conviction Buy” rating. Wunderlich maintained shares with “Hold” rating and $43 target share price in a report from a September 17. FBR Capital downgraded ORCL stock in a recent report from November 5 to “Mkt Perform” rating. Nomura maintained the rating on September 17. Nomura has a “Buy” rating and a $44 price target on shares. Finally, JMP Securities downgraded the stock to “Mkt Perform” rating in a report issued on an October 14.
The stock increased 1.83% or $0.7 during the last trading session, striking $38.91. Approximately shares of stock traded hands. Oracle Corporation (NYSE:ORCL) has declined 12.33% since May 14, 2015 and is downtrending. It has underperformed by 10.06% the S&P500.
The overall sentiment of institutions has decreased to 0.72 in Q2 2015. Its down 0.15, from 0.87 in 2015Q2. The ratio dived, as 130 institutions have sold all the shares of Oracle Corporation that they owned while 622 funds have taken shares off the table. 67 funds have purchased shares for the first time while 471 added to their positions. These institutions now hold 2.29 billion shares or 9.81% less than the 2.54 billion shares they owned in 2015Q2.
The Fund Black Creek Investment Management Inc. currently is holding shares equating to 12.2% of its total portfolio in Oracle Corporation representing a total of 2.57 million shares. Another fund,Caledonia Investments Plc, is holding a total of 862,500 shares equating to 11.21% of their holdings. Additionally, Mountain Lake Investment Management Llc has a 312,500 share stake in Oracle Corporation which represents 9.09% of their total portfolio. The Fund, Vulcan Value Partners Llc, based out of Alabama, has also built up a stake in the stock, which represents a total of 8.17% of their total portfolio. Finally Veritas Investment Management Llp, a fund which is based in the state of United Kingdom reported a total holdings of 983,915 shares.
Oracle Corporation is a provider of enterprise software and computer hardware products, and services. The company has a market cap of $162.95 billion. The Company’s offerings include Oracle database and middleware software, application software, cloud infrastructure, hardware systems including computer server, storage and networking products, and related services. It has 18.28 P/E ratio.
According to Zacks Investment Research, “Oracle Corporation is one of the world’s leading suppliers of software for information management. The company develops, manufactures, markets and distributes computer software that helps corporations manage and grow their businesses. The company’s software products can be categorized into two broad areas: Systems software and Internet business applications software.”