RBC Capital Maintains a Buy Rating on O’Reilly Auto (ORLY)


In a report released yesterday, Scot Ciccarelli from RBC Capital maintained a Buy rating on O’Reilly Auto (ORLY), with a price target of $428. The company’s shares opened today at $377.04.

According to TipRanks.com, Ciccarelli is a top 100 analyst with an average return of 16.4% and a 71.6% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

O’Reilly Auto has an analyst consensus of Strong Buy, with a price target consensus of $440.75, which is a 16.9% upside from current levels. In a report issued on July 24, Wells Fargo also maintained a Buy rating on the stock with a $435 price target.

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The company has a one-year high of $414.63 and a one-year low of $314.09. Currently, O’Reilly Auto has an average volume of 614.6K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.

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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