Oracle (NYSE:ORCL) Raised to Strong-Buy at Cantor Fitzgerald

Oracle (NYSE:ORCL) was upgraded by research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $214.00 price target on the enterprise software provider’s stock. Cantor Fitzgerald’s price target points to a potential upside of 32.88% from the company’s current price.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein raised their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley lifted their price target on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.9 %

Shares of ORCL opened at $161.05 on Thursday. The stock has a 50 day simple moving average of $176.00 and a 200-day simple moving average of $161.21. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $450.44 billion, a PE ratio of 39.38, a PEG ratio of 3.03 and a beta of 1.06. Oracle has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Oracle will post 5.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Oracle

Several large investors have recently modified their holdings of the business. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Oracle in the third quarter valued at approximately $44,000. Avondale Wealth Management bought a new stake in shares of Oracle in the third quarter worth $51,000. Friedenthal Financial acquired a new position in Oracle during the third quarter worth $51,000. Finally, Activest Wealth Management grew its position in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.