O’Reilly Auto (ORLY) Received its Third Buy in a Row

After Goldman Sachs and Raymond James 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 yesterday and set a price target of $435. The company’s shares closed yesterday at $373.56.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 10.2% and a 67.6% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.

Currently, the analyst consensus on O’Reilly Auto is a Strong Buy with an average price target of $440.75, representing a 18.0% upside. In a report issued on July 25, Raymond James also maintained a Buy rating on the stock with a $460 price target.

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O’Reilly Auto’s market cap is currently $27.89B and has a P/E ratio of 22.26. The company has a Price to Book ratio of 198.

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.