LADENBURG THALM/SH SH Begins Coverage on Online Resources (NASDAQ:ORCC)

LADENBURG THALM/SH SH initiated coverage on shares of Online Resources (NASDAQ:ORCC) in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $17.00 target price on the technology company’s stock.

A number of other equities research analysts also recently issued reports on ORCC. Raymond James started coverage on shares of Online Resources in a research report on Monday. They set an outperform rating and a $17.00 price objective for the company. Royal Bank of Canada began coverage on shares of Online Resources in a report on Monday. They issued an outperform rating and a $17.00 target price for the company. Compass Point began coverage on shares of Online Resources in a report on Thursday, July 18th. They issued a neutral rating for the company. Wells Fargo & Co began coverage on shares of Online Resources in a report on Monday. They issued a market perform rating and a $6.00 target price for the company. Finally, Bank of America began coverage on shares of Online Resources in a report on Monday. They issued a neutral rating and a $16.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $15.44.

Shares of ORCC stock traded up $0.15 during mid-day trading on Monday, reaching $16.00. 1,721 shares of the company’s stock traded hands, compared to its average volume of 216,141. Online Resources has a 12 month low of $15.02 and a 12 month high of $16.45.

Online Resources Company Profile

Online Resources Corporation is engaged in providing outsourced, Web and phone based financial technology services to financial institution, biller, card issuer and creditor clients. The Company operates in two segments: Banking and e-Commerce. The Company’s products and services enable the Company’s clients to provide their consumer end users with the ability to perform various self-service functions, including electronic bill payments and funds transfers, which utilize its real-time debit architecture, automated clearing house (ACH) and other payment methods, as well as gain online access to their accounts, transaction histories and other information.

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Analyst Recommendations for Online Resources (NASDAQ:ORCC)

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