Genuine Parts (NYSE:GPC) had its target price cut by analysts at JPMorgan Chase & Co. from $114.00 to $107.00 in a report released on Wednesday. The brokerage presently has a “neutral” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 14.60% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Moffett Nathanson started coverage on shares of Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating on the stock. Zacks Investment Research upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $99.83.
Genuine Parts (GPC) traded down $1.30 during trading on Wednesday, reaching $93.37. 161,355 shares of the company’s stock traded hands, compared to its average volume of 927,003. The firm has a market cap of $14,636.43, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32. Genuine Parts has a 52-week low of $79.86 and a 52-week high of $107.75.
Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, February 20th. The specialty retailer reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Genuine Parts had a net margin of 4.16% and a return on equity of 20.49%. Genuine Parts’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. equities research analysts anticipate that Genuine Parts will post 4.63 earnings per share for the current year.
A number of large investors have recently made changes to their positions in GPC. Trustcore Financial Services LLC bought a new stake in Genuine Parts during the 4th quarter worth about $107,000. Captrust Financial Advisors bought a new stake in Genuine Parts during the 4th quarter worth about $109,000. Valeo Financial Advisors LLC raised its holdings in Genuine Parts by 1,061.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,161 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 1,061 shares during the last quarter. Horan Capital Advisors LLC. bought a new stake in Genuine Parts during the 3rd quarter worth about $134,000. Finally, We Are One Seven LLC bought a new stake in Genuine Parts during the 4th quarter worth about $177,000. 74.65% of the stock is owned by hedge funds and other institutional investors.
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Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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