Evercore ISI analyst Kirk Materne downgraded Oracle Corp (NYSE: ORCL) to Hold today and set a price target of $53. The company’s shares opened today at $49.59.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 28.4% and a 83.3% success rate. Materne covers the Technology sector, focusing on stocks such as Tyler Technologies, Ultimate Software, and Citrix Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oracle Corp with a $54.29 average price target, a 9.5% upside from current levels. In a report issued on September 18, RBC Capital also maintained a Hold rating on the stock with a $53 price target.
.
See today’s analyst top recommended stocks >>
Oracle Corp’s market cap is currently $191.4B and has a P/E ratio of 54.01. The company has a Price to Book ratio of 5.03.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Naomi Seligman, a Director at ORCL sold 45,000 shares for a total of $2,164,050.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on ORCL:
