Genuine Parts (NYSE:GPC) had its price target lifted by stock analysts at Royal Bank of Canada from $80.00 to $90.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has a “sector perform” rating on the specialty retailer’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 0.64% from the company’s current price.
GPC has been the subject of several other reports. S&P Equity Research dropped their price target on Genuine Parts from $85.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Cfra decreased their price target on shares of Genuine Parts from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Bank of America lifted their target price on Genuine Parts from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Sunday, April 19th. JPMorgan Chase & Co. cut their price target on Genuine Parts from $107.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Stephens cut shares of Genuine Parts from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.14.
Shares of NYSE GPC opened at $89.43 on Tuesday. The stock has a market cap of $12.79 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 14.21 and a beta of 1.10. Genuine Parts has a 1 year low of $49.68 and a 1 year high of $108.58. The firm has a fifty day moving average price of $87.04 and a 200-day moving average price of $83.90. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.21 and a quick ratio of 0.65.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Wednesday, May 6th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.20). The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Genuine Parts had a return on equity of 21.54% and a net margin of 3.11%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS. On average, research analysts expect that Genuine Parts will post 4.16 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in GPC. Caisse DE Depot ET Placement DU Quebec boosted its position in Genuine Parts by 23.2% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,131,514 shares of the specialty retailer’s stock valued at $412,835,000 after purchasing an additional 1,152,699 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Genuine Parts by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 2,254,396 shares of the specialty retailer’s stock worth $151,491,000 after buying an additional 34,560 shares during the last quarter. Norges Bank bought a new position in shares of Genuine Parts during the 4th quarter worth approximately $147,747,000. Cullen Capital Management LLC boosted its stake in Genuine Parts by 98.1% in the first quarter. Cullen Capital Management LLC now owns 1,253,267 shares of the specialty retailer’s stock valued at $84,382,000 after acquiring an additional 620,612 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Genuine Parts by 2.3% in the 1st quarter. Legal & General Group Plc now owns 1,165,347 shares of the specialty retailer’s stock worth $78,566,000 after purchasing an additional 26,444 shares in the last quarter. Institutional investors own 77.37% of the company’s stock.
Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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