After Truist Financial and J.P. Morgan gave O’Reilly Auto (NASDAQ: ORLY) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Zachary Fadem maintained a Buy rating on O’Reilly Auto today and set a price target of $780.00. The company’s shares closed last Wednesday at $640.22.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 21.9% and a 66.4% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for O’Reilly Auto with a $758.25 average price target, representing a 17.5% upside. In a report issued on January 27, RBC Capital also initiated coverage with a Buy rating on the stock with a $755.00 price target.
O’Reilly Auto’s market cap is currently $42.93B and has a P/E ratio of 22.07.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORLY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1957 and headquartered in Missouri, O’Reilly Automotive, Inc. is a retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company is engaged in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers.
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