Online Resources (NASDAQ:ORCC) Research Coverage Started at Royal Bank of Canada

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Royal Bank of Canada started coverage on shares of Online Resources (NASDAQ:ORCC) in a research note released on Monday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $17.00 price objective on the technology company’s stock.

A number of other analysts have also issued reports on the stock. Wells Fargo & Co started 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. Bank of America started coverage on shares of Online Resources in a research note on Monday. They issued a neutral rating and a $16.00 price target for the company. Compass Point started coverage on shares of Online Resources in a research note on Thursday, July 18th. They issued a neutral rating for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of Online Resources in a research note on Monday. They issued a market perform rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $15.44.

Shares of NASDAQ:ORCC opened at $15.69 on Monday. Online Resources has a 12-month low of $15.02 and a 12-month 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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