Credit Suisse Analyzed Oracle (ORCL) with $62 Target; Summit Midstream Partners LP (SMLP) Had 3 Analysts Last Week




September 5, 2017 – By Hazel Jackson




Among 31 analysts covering Oracle (NYSE:ORCL), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Oracle has $6300 highest and $37 lowest target. $51.17’s average target is 1.09% above currents $50.62 stock price. Oracle had 77 analyst reports since July 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of ORCL in report on Thursday, March 16 with “Outperform” rating. The firm has “Outperform” rating by Wedbush given on Thursday, June 22. The company was maintained on Thursday, June 22 by RBC Capital Markets. Stifel Nicolaus maintained it with “Buy” rating and $45 target in Thursday, September 17 report. Macquarie Research initiated the stock with “Outperform” rating in Tuesday, April 26 report. As per Thursday, June 22, the company rating was maintained by UBS. As per Sunday, July 23, the company rating was maintained by RBC Capital Markets. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Nomura on Thursday, September 17. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Wednesday, July 5 report. Wedbush maintained the shares of ORCL in report on Friday, December 16 with “Neutral” rating.

Among 8 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Summit Midstream Partners had 22 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Tuesday, May 24. The rating was maintained by RBC Capital Markets on Thursday, July 6 with “Buy”. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, August 12 report. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, September 6. Barclays Capital downgraded the shares of SMLP in report on Tuesday, July 18 to “Sell” rating. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, March 10 by Citigroup. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Neutral” rating by Goldman Sachs on Thursday, May 12. The rating was maintained by Robert W. Baird on Friday, August 11 with “Outperform”. The rating was downgraded by Credit Suisse to “Neutral” on Friday, January 27. See Summit Midstream Partners LP (NYSE:SMLP) latest ratings:

11/08/2017 Broker: Robert W. Baird Rating: Outperform Old Target: $28 New Target: $27 Maintain
07/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $27.0000 Maintain
18/07/2017 Broker: Barclays Capital Rating: Sell Downgrade
06/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $28.0000 Maintain
05/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $28.0000 Maintain

The stock increased 0.58% or $0.29 during the last trading session, reaching $50.62. About 1,481 shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since September 5, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on September, 21. They expect $0.55 earnings per share, up 12.24% or $0.06 from last year’s $0.49 per share. ORCL’s profit will be $2.28 billion for 23.01 P/E if the $0.55 EPS becomes a reality. After $0.82 actual earnings per share reported by Oracle Corporation for the previous quarter, Wall Street now forecasts -32.93% negative EPS growth.

Oracle Corporation provides services and products that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The company has market cap of $209.40 billion. The Company’s businesses include cloud and on-premise software, hardware and services. It has a 22.88 P/E ratio. The Company’s cloud and on-premise software business consists of three divisions, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Investors sentiment is 0.95 in Q4 2016. Its the same as in 2016Q3. It is the same, as 67 investors sold Oracle Corporation shares while 585 reduced holdings. only 87 funds opened positions while 431 raised stakes. 2.32 billion shares or 0.62% more from 2.30 billion shares in 2016Q3 were reported. Bartlett And Limited Liability invested in 0.86% or 473,494 shares. Mariner Wealth Advisors Lc reported 26,305 shares. Logan reported 0.29% of its portfolio in Oracle Corporation (NYSE:ORCL). Greenwich Wealth Management Ltd holds 112,867 shares. Carlson Cap Ltd Partnership holds 0.07% of its portfolio in Oracle Corporation (NYSE:ORCL) for 141,665 shares. Jarislowsky Fraser Limited holds 3.52M shares or 0.87% of its portfolio. Envestnet Asset Mgmt reported 0.14% of its portfolio in Oracle Corporation (NYSE:ORCL). Sigma Planning stated it has 0.09% in Oracle Corporation (NYSE:ORCL). Bancorporation Of Montreal Can reported 3.16 million shares. Columbia Prtn L L C Investment Mgmt invested in 0.94% or 274,768 shares. Shelter Insurance Retirement Plan has 4.25% invested in Oracle Corporation (NYSE:ORCL) for 244,000 shares. Van Cleef Asset Managementinc stated it has 2.01% of its portfolio in Oracle Corporation (NYSE:ORCL). Tower Research Capital Lc (Trc) invested in 0.25% or 59,856 shares. Kistler accumulated 6,375 shares. Mogy Joel R Counsel holds 1.71% or 245,527 shares.

Since March 17, 2017, it had 0 insider purchases, and 1 sale for $673,592 activity. $673,592 worth of Summit Midstream Partners LP (NYSE:SMLP) was sold by Newby Steven J on Friday, March 17.

The stock decreased 2.38% or $0.5 on September 1, reaching $20.55. About shares traded. Summit Midstream Partners LP (NYSE:SMLP) has risen 6.71% since September 5, 2016 and is uptrending. It has underperformed by 9.99% the S&P500.

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By Hazel Jackson

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