Credit Suisse Reaffirms Their Hold Rating on O’Reilly Auto (ORLY)


Credit Suisse analyst Seth Sigman maintained a Hold rating on O’Reilly Auto (ORLY) yesterday and set a price target of $318. The company’s shares closed yesterday at $358.21, close to its 52-week high of $363.20.

According to TipRanks.com, Sigman is a 1-star analyst with an average return of -1.0% and a 48.1% success rate. Sigman covers the Services sector, focusing on stocks such as Wal-Mart Stores Inc, Advance Auto Parts, and Michaels Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for O’Reilly Auto with a $379.17 average price target, a 5.9% upside from current levels. In a report issued on January 23, Morgan Stanley also maintained a Hold rating on the stock with a $365 price target.

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Based on O’Reilly Auto’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $366 million. In comparison, last year the company had a net profit of $302 million.

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O’Reilly Automotive, Inc. owns and operates retail outlets in the United States. It engages 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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