SunTrust Initiates Coverage on O'Reilly Automotive (ORLY)
SunTrust assumed coverage on shares of O'Reilly Automotive (NASDAQ:ORLY) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of O'Reilly Automotive (NASDAQ:ORLY) traded up 0.23% during mid-day trading on Wednesday, hitting $155.30. 336,145 shares of the company’s stock traded hands. O'Reilly Automotive has a 52-week low of $120.34 and a 52-week high of $157.11. The stock has a 50-day moving average of $152.4 and a 200-day moving average of $149.8. The company has a market cap of $16.115 billion and a P/E ratio of 23.44.
O'Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.06. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that O'Reilly Automotive will post $7.16 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ORLY. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of O'Reilly Automotive in a research note on Tuesday, July 29th. They now have a $155.00 price target on the stock, up previously from $147.00. Separately, analysts at Nomura reiterated a “neutral” rating on shares of O'Reilly Automotive in a research note on Friday, July 25th. They now have a $157.00 price target on the stock, up previously from $152.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of O'Reilly Automotive in a research note on Friday, July 25th. They now have a $150.00 price target on the stock, up previously from $145.00. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $162.42.
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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