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 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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