UBS Raises PT and Estimates on O'Reilly Automotive (ORLY); Starting To Look Like The Other Guy
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Price: $110.56 -1.47%
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
6 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade ORLY Now!
UBS maintains a 'Buy' on O'Reilly Automotive (NASDAQ: ORLY) price target of $103.00 (from $101.00).
Analyst, Michael Lasser, said, "ORLY's story is changing in some ways, looking more like AutoZone (NYSE: AZO), which has prototyped the model of stable operating performance and aggressive share repurchases. During 2Q, ORLY’s comp of 2.5% comp (vs. our 2% est.) came in at the high end of its revised comp guidance of 2% - 2.5%. It offered an endorsement of the industry by noting that the key drivers of demand are intact. Notably, its 3Q outlook of a 1% to 3% comp increase is in-line with our expectation of a 2% comp. It will be important to hear about recent trends to gauge the level of conservatism."
FY12 EPS estimate raised from $4.55 to $4.65. FY13 from $5.23 to $5.44.
For an analyst ratings summary and ratings history on O'Reilly Automotive click here. For more ratings news on O'Reilly Automotive click here.
Shares of O'Reilly Automotive closed at $90.10 yesterday, with a 52 week range of $56.25-$107.13.
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Analyst, Michael Lasser, said, "ORLY's story is changing in some ways, looking more like AutoZone (NYSE: AZO), which has prototyped the model of stable operating performance and aggressive share repurchases. During 2Q, ORLY’s comp of 2.5% comp (vs. our 2% est.) came in at the high end of its revised comp guidance of 2% - 2.5%. It offered an endorsement of the industry by noting that the key drivers of demand are intact. Notably, its 3Q outlook of a 1% to 3% comp increase is in-line with our expectation of a 2% comp. It will be important to hear about recent trends to gauge the level of conservatism."
FY12 EPS estimate raised from $4.55 to $4.65. FY13 from $5.23 to $5.44.
For an analyst ratings summary and ratings history on O'Reilly Automotive click here. For more ratings news on O'Reilly Automotive click here.
Shares of O'Reilly Automotive closed at $90.10 yesterday, with a 52 week range of $56.25-$107.13.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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