Investment analysts at Credit Suisse hoisted their price target on shares of O’Reilly Automotive (NASDAQ:ORLY) from $120.00 to $135.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. Credit Suisse’s target price would indicate a potential upside of 10.09% from the stock’s previous close.
Shares of O’Reilly Automotive (NASDAQ: ORLY) traded up 4.07% during mid-day trading on Thursday, hitting $122.63. O’Reilly Automotive has a one year low of $78.58 and a one year high of $120.35. The stock’s 50-day moving average is currently $113.6. The company has a market cap of $13.547 billion and a P/E ratio of 23.73.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. O’Reilly Automotive has set its Q3 guidance at $1.60-1.64 EPS and its FY13 guidance at $5.79-5.89 EPS. On average, analysts predict that O’Reilly Automotive will post $5.80 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of O’Reilly Automotive in a research note to investors on Thursday. They now have a $132.00 price target on the stock, up previously from $117.00. Separately, analysts at Raymond James raised their price target on shares of O’Reilly Automotive from $117.00 to $136.00 in a research note to investors on Friday, July 19th. Finally, analysts at UBS AG raised their price target on shares of O’Reilly Automotive from $115.00 to $131.00 in a research note to investors on Friday, July 19th.
Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $114.41.
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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