Wells Fargo & Co Initiates Coverage on Online Resources (NASDAQ:ORCC)

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Wells Fargo & Co began coverage on shares of Online Resources (NASDAQ:ORCC) in a report issued on Monday morning, BenzingaRatingsTable reports. The brokerage issued a market perform rating and a $6.00 target price on the technology company’s stock.

A number of other equities analysts have also commented on ORCC. Compass Point began coverage on Online Resources in a report on Thursday, July 18th. They issued a neutral rating for the company. Bank of America began coverage on Online Resources in a report on Monday. They issued a neutral rating and a $16.00 price target for the company. Finally, Keefe, Bruyette & Woods began coverage on Online Resources in a report on Monday. They issued a market perform rating and a $16.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $15.44.

Online Resources stock opened at $15.69 on Monday. Online Resources has a one year low of $15.02 and a one year 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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