O’Reilly Automotive Receives “Neutral” Rating from Zacks (ORLY)
O’Reilly Automotive (NASDAQ:ORLY)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a $141.00 price target on the stock. Zacks‘ target price indicates a potential upside of 5.28% from the company’s current price.
Zacks‘ analyst wrote, “O’Reilly continues to benefit from its dual market strategy and strong distribution network. Moreover, the company regularly opens new stores to boost sales. The raise in buyback authorization and improved 2013 earnings guidance are added positives. O’Reilly posted a 37.4% increase in earnings to $1.58 per share in the second quarter of 2013, exceeding the Zacks Consensus Estimate by $0.09. Quarterly revenues surged 9.7% to $1.71 billion from $1.56 billion in the same period a year ago, marginally beating the Zacks Consensus Estimate of $1.70 billion. However, the company’s store locations are highly concentrated, which makes it vulnerable to several economic and natural problems in those areas. High debt and inventory levels are also causes of concern. Therefore, we maintain our Neutral recommendation on the stock.”
Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up 0.12% on Monday, hitting $134.0943. The stock had a trading volume of 262,995 shares. O’Reilly Automotive has a 52 week low of $78.70 and a 52 week high of $135.62. The stock’s 50-day moving average is $126.3 and its 200-day moving average is $116.6. The company has a market cap of $14.556 billion and a price-to-earnings ratio of 24.82.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 24th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
In other O’Reilly Automotive news, EVP Jeff M. Shaw sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $132.05, for a total value of $660,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Wedbush initiated coverage on shares of O’Reilly Automotive in a research note to investors on Monday, October 14th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $123.69.
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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