Royal Bank of Canada initiated coverage on shares of Online Resources (NASDAQ:ORCC) in a research note released on Monday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $17.00 target price on the technology company’s stock.
A number of other analysts have also issued reports on ORCC. Wells Fargo & Co began coverage on shares of Online Resources in a research note on Monday. They issued a market perform rating and a $6.00 price target for the company. Compass Point initiated coverage on shares of Online Resources in a research note on Thursday, July 18th. They issued a neutral rating for the company. Bank of America initiated coverage on shares of Online Resources in a research note on Monday. They set a neutral rating and a $16.00 target price for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Online Resources in a research note on Monday. They set a market perform rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Online Resources presently has an average rating of Buy and a consensus price target of $15.44.
Shares of ORCC stock opened at $15.69 on Monday. Online Resources has a fifty-two week low of $15.02 and a fifty-two week 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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