Genuine Parts (NYSE: GPC – Get Appraisal) had its target price lowered by investment analysts Evercore ISI to $135.00 in a research note released Thursday to investors, Stock Target Advisor reports. Evercore ISI’s target price indicates a potential downside of 3.29% from the stock’s previous close.
GPC has been the subject of a number of other research reports. Bank of America upgraded Genuine Parts from an “underperforming” rating to a “neutral” rating and set a $133.00 price target on the stock in a Tuesday, May 10 research note. They noted that the move was a review call. Wedbush reissued a “neutral” rating on genuine parts stocks in a research report on Friday, February 18. Finally, StockNews.com supported genuine parts coverage in a Thursday, March 31, research note. They set a “Strong Buy” rating on the stock. Five equity research analysts gave the stock a hold rating and one gave the company’s stock a strong buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.40.
GPC traded $0.13 on Thursday, hitting $139.59. 809,208 shares of the company were traded, compared to its average volume of 743,721. The company’s 50-day simple moving average is $133.00 and its 200-day simple moving average is $131.71 . The company has a market capitalization of $19.77 billion, a price/earnings ratio of 21.61, a P/E/G ratio of 3.22 and a beta of 0.99. Genuine parts have a 1 year minimum of $115.63 and a 1 year maximum of $142.97. The company has a current ratio of 1.16, a quick ratio of 0.58 and a debt ratio of 0.94.
Genuine Parts (NYSE:GPC – Get Rating) last released its results on Thursday, April 21. The specialty retailer reported earnings per share (EPS) of $1.86 for the quarter, beating the consensus estimate of $1.70 by $0.16. The company posted revenue of $5.29 billion for the quarter, versus a consensus estimate of $5.08 billion. Genuine parts had a return on equity of 30.84% and a net margin of 4.71%. The company’s quarterly revenue increased 17.6% year over year. In the same quarter last year, the company achieved EPS of $1.50. As a group, stock analysts expect the original coins to post an EPS of 7.85 for the current fiscal year.
Major investors have recently changed their positions in the company. Salem Investment Counselors Inc. increased its equity stake in Genuine Parts by 144.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 186 shares of the specialty retailer worth $26,000 after acquiring 110 additional shares in the last quarter. Country Trust Bank increased its holdings in Genuine Parts by 376.2% in the fourth quarter. Country Trust Bank now owns 200 shares of the specialty retailer worth $28,000 after acquiring 158 more shares in the last quarter. JNBA Financial Advisors increased its OE holdings by 103.8% in Q4. JNBA Financial Advisors now owns 214 shares of the specialty retailer worth $30,000 after acquiring 109 additional shares in the last quarter. FSB Premier Wealth Management Inc. acquired a new position in Genuine Parts in Q4 worth $31,000. Finally, Missouri Trust & Investment Co acquired a new equity stake in Genuine Parts during Q4 for $32,000. 76.92% of the shares are currently held by institutional investors and hedge funds.
Genuine Parts Company Profile (Get a rating)
Genuine Parts Company distributes automotive replacement parts and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, agricultural vehicles, small engines, agricultural equipment, marine equipment and heavy equipment; and accessories and supplies used by a variety of automotive aftermarket customers, such as repair shops, service stations, fleet operators, car and truck dealerships, leasing companies, bus and truck lines, supermarkets, farms, industrial companies and individuals.
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