Online Resources (NASDAQ:ORCC) Receives New Coverage from Analysts at SunTrust Banks

SunTrust Banks initiated coverage on shares of Online Resources (NASDAQ:ORCC) in a research note released on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $17.00 price objective on the technology company’s stock. SunTrust Banks also issued estimates for Online Resources’ Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $1.54 EPS, Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.42 EPS, Q4 2020 earnings at $0.32 EPS, FY2020 earnings at $1.56 EPS and FY2021 earnings at $1.30 EPS.

ORCC has been the topic of several other reports. Raymond James started coverage on shares of Online Resources in a research report on Monday. They issued an outperform rating and a $17.00 price target on the stock. Bank of America started coverage on shares of Online Resources in a research report on Monday. They issued a neutral rating and a $16.00 price target on the stock. Wells Fargo & Co started coverage on shares of Online Resources in a research report on Monday. They issued a market perform rating and a $6.00 price target on the stock. Royal Bank of Canada started coverage on shares of Online Resources in a research report on Monday. They issued an outperform rating and a $17.00 price target on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of Online Resources in a research report on Monday. They issued a market perform rating and a $16.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $15.44.

ORCC opened at $15.69 on Monday. Online Resources has a 1-year low of $15.02 and a 1-year high of $16.45.

About Online Resources

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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