Genuine Parts (GPC) Receiving Positive News Coverage, Accern Reports

News stories about Genuine Parts (NYSE:GPC) have been trending positive on Friday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genuine Parts earned a news impact score of 0.25 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 45.8988558615073 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have recently commented on the company. Royal Bank of Canada increased their target price on Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Jefferies Group reiterated a “hold” rating and set a $95.00 target price on shares of Genuine Parts in a research note on Sunday, September 10th. Moffett Nathanson assumed coverage on Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating for the company. Finally, Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $95.00.

Genuine Parts (GPC) traded up $0.58 during trading on Friday, hitting $95.11. The stock had a trading volume of 765,255 shares, compared to its average volume of 849,463. The stock has a market cap of $13,667.31, a PE ratio of 21.28, a P/E/G ratio of 3.56 and a beta of 1.12. 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 12 month low of $79.86 and a 12 month high of $100.90.

Genuine Parts (NYSE:GPC) last released its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.12). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Genuine Parts had a net margin of 4.16% and a return on equity of 20.49%. The business’s quarterly revenue was down 72.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. equities analysts forecast that Genuine Parts will post 4.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, December 7th. Genuine Parts’s dividend payout ratio (DPR) is currently 60.40%.

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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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