Wedbush Initiates Coverage on O’Reilly Automotive (ORLY)
Research analysts at Wedbush initiated coverage on shares of O’Reilly Automotive (NASDAQ:ORLY) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $150.00 price target on the stock. Wedbush’s price objective points to a potential upside of 16.18% from the company’s current price.
The analysts wrote, “Initiating coverage of ORLY with an OUTPERFORM rating and a $150 price target. We believe ORLY offers the most attractive growth profile in DIY auto retail, driven by a clear path to consistent 5% store growth and 4%+ comps, as well as continued gross margin expansion and SG&A leverage. Strong cash flows and incremental leverage should help drive share repurchases and lead to high-teens EPS growth and rising ROIC for the long term.”
A number of other analysts have also recently weighed in on ORLY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of O’Reilly Automotive in a research note to investors on Wednesday, August 14th. They now have a $120.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of O’Reilly Automotive in a research note to investors on Wednesday, August 14th. They now have a $135.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of O’Reilly Automotive from $121.00 to $134.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.94.
Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 129.11 on Monday. O’Reilly Automotive has a one year low of $78.58 and a one year high of $129.24. The stock has a 50-day moving average of $125. and a 200-day moving average of $116.. The company has a market cap of $14.015 billion and a P/E ratio of 23.93.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.49 by $0.09. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company posted $1.15 earnings per share. O’Reilly Automotive’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that O’Reilly Automotive will post $5.93 EPS for the current fiscal year.
O’Reilly Automotive, Inc (NASDAQ:ORLY) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself (DIY) customers and professional service providers.
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