LADENBURG THALM/SH SH began coverage on shares of Online Resources (NASDAQ:ORCC) in a report published on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $17.00 target price on the technology company’s stock.
A number of other brokerages also recently weighed in on ORCC. Keefe, Bruyette & Woods assumed coverage on Online Resources in a report on Monday. They set a market perform rating and a $16.00 price target for the company. Wells Fargo & Co assumed coverage on Online Resources in a report on Monday. They set a market perform rating and a $6.00 price target for the company. Bank of America started coverage on Online Resources in a report on Monday. They set a neutral rating and a $16.00 price target for the company. Royal Bank of Canada started coverage on Online Resources in a research note on Monday. They issued an outperform rating and a $17.00 target price for the company. Finally, Compass Point started coverage on Online Resources in a research note on Thursday, July 18th. They issued a neutral rating for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Online Resources currently has a consensus rating of Buy and a consensus price target of $15.44.
Shares of Online Resources stock opened at $15.69 on Monday. Online Resources has a 1-year low of $15.02 and a 1-year 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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