Genuine Parts Company (NYSE:GPC) has received a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $94.75.
Several research firms have recently commented on GPC. Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Gabelli restated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research report on Sunday, September 10th. BidaskClub lowered Genuine Parts from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada raised their price target on Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 26th.
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Shares of Genuine Parts (GPC) opened at $87.80 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32. The stock has a market capitalization of $12,872.71, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 4.02 and a beta of 1.11. Genuine Parts has a one year low of $79.86 and a one year high of $100.90.
Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business earned $1.24 EPS. Genuine Parts’s revenue was down 72.2% compared to the same quarter last year. equities analysts expect that Genuine Parts will post 4.58 EPS for the current year.
Genuine Parts declared that its board has initiated a share buyback plan on Monday, August 21st that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in GPC. FMR LLC boosted its holdings in Genuine Parts by 86.0% in the first quarter. FMR LLC now owns 160,973 shares of the specialty retailer’s stock valued at $14,875,000 after purchasing an additional 74,448 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Genuine Parts by 12.7% in the first quarter. Thrivent Financial For Lutherans now owns 5,960 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 670 shares during the period. AQR Capital Management LLC boosted its holdings in Genuine Parts by 1.4% in the first quarter. AQR Capital Management LLC now owns 85,260 shares of the specialty retailer’s stock valued at $7,879,000 after purchasing an additional 1,146 shares during the period. Summit Global Investments boosted its holdings in Genuine Parts by 8.3% in the first quarter. Summit Global Investments now owns 45,440 shares of the specialty retailer’s stock valued at $4,199,000 after purchasing an additional 3,471 shares during the period. Finally, Green Square Capital LLC purchased a new position in Genuine Parts in the first quarter valued at $358,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.
About Genuine Parts
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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