Barclays Raises Numbers on O'Reilly Automotive (ORLY) After Meeting with Management
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Price: $90.44 -0.67%
Rating Summary:
27 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
27 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Barclays maintains an 'Overweight' on O'Reilly Automotive (NASDAQ: ORLY) price target raised from $100 to $110.
After meeting with corporate management, Alan M. Rifkin, said, "Management still believes revenues from legacy CSK stores can increase from $1.3M to $1.8M. However, we continue to believe that revenues over a 5-year period post-conversion will be significantly above this, around $2.5M...Management reiterated 2012 FCF guidance of $600 - $650M and continues to target adj.-debt-to-EBITDAR of 2-2.25x, vs. 1.75x as of 4Q."
Rifkin also felt ORLY would be able to continue buying back shares of common stock. Rifkin also raised Q1 EPS from $1.02 to $1.04, FY12 from $4.45 to $4.55, FY13 from $5.10 to $5.20 and FY14 from $5.87 to $6.00.
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 $88.08 yesterday.
After meeting with corporate management, Alan M. Rifkin, said, "Management still believes revenues from legacy CSK stores can increase from $1.3M to $1.8M. However, we continue to believe that revenues over a 5-year period post-conversion will be significantly above this, around $2.5M...Management reiterated 2012 FCF guidance of $600 - $650M and continues to target adj.-debt-to-EBITDAR of 2-2.25x, vs. 1.75x as of 4Q."
Rifkin also felt ORLY would be able to continue buying back shares of common stock. Rifkin also raised Q1 EPS from $1.02 to $1.04, FY12 from $4.45 to $4.55, FY13 from $5.10 to $5.20 and FY14 from $5.87 to $6.00.
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 $88.08 yesterday.
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