Wells Fargo Keeps Their Buy Rating on O’Reilly Auto (ORLY)

TipRanks

Feb. 8, 2023, 06:45 PM

Wells Fargo analyst Zachary Fadem maintained a Buy rating on O’Reilly Auto (ORLY – Research Report) yesterday and set a price target of $925.00. The company’s shares closed yesterday at $787.36.

Fadem covers the Consumer Goods sector, focusing on stocks such as Tractor Supply, Advance Auto Parts, and AutoZone. According to TipRanks, Fadem has an average return of 17.0% and a 66.90% success rate on recommended stocks.

In addition to Wells Fargo, O’Reilly Auto also received a Buy from RBC Capital’s Steven Shemesh in a report issued on February 1. However, on the same day, Morgan Stanley maintained a Hold rating on O’Reilly Auto (NASDAQ: ORLY).

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ORLY market cap is currently $50.65B and has a P/E ratio of 24.45.

Based on the recent corporate insider activity of 61 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. Most recently, in November 2022, ROGERS CHARLES FRANCIS, the SVP OF PRO SALES & OPS SUPPORT of ORLY sold 700.00 shares for a total of $588,679.00.

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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