Jefferies Slightly Adjusts PT and Estimates on Oracle (ORCL); In-line Good Enough Given Sentiment

June 19, 2012 7:47 AM EDT
Get Alerts ORCL Hot Sheet
Price: $39.87 +1.68%

Rating Summary:
    33 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target of $32.00 (from $31.00).

Analyst, Ross MacMillan, said, "ORCL reported in-line F4Q12 revs and slightly better NG EPS (due to lower tax/FDS). F1Q13 guide was below consensus on NG revenue, but in-line on NG EPS; that is likely good enough given sentiment."

MacMillan raised FY12 EPS estimate from $2.43 to $2.46, FY13 from $2.60 to $2.62 and FY14 from $2.82 to $2.86.

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $27.12 yesterday.

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