Gabelli upgraded shares of Genuine Parts Company (NYSE:GPC) from a hold rating to a buy rating in a research report report published on Friday, July 21st, Marketbeat reports. They currently have $101.00 target price on the specialty retailer’s stock. Gabelli also issued estimates for Genuine Parts’ FY2017 earnings at $4.75 EPS and FY2021 earnings at $5.85 EPS.
A number of other analysts also recently weighed in on the stock. Wedbush reissued a neutral rating on shares of Genuine Parts in a report on Thursday, July 6th. BidaskClub downgraded shares of Genuine Parts from a hold rating to a sell rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Genuine Parts from a hold rating to a sell rating in a report on Friday, April 21st. Royal Bank Of Canada reaffirmed a hold rating and set a $96.00 price objective on shares of Genuine Parts in a report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Genuine Parts from a neutral rating to a sell rating and reduced their price objective for the stock from $104.00 to $89.00 in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Genuine Parts presently has a consensus rating of Hold and a consensus price target of $96.86.
Shares of Genuine Parts (NYSE GPC) opened at 82.81 on Friday. Genuine Parts has a 52 week low of $80.86 and a 52 week high of $105.18. The stock’s 50 day moving average is $85.57 and its 200 day moving average is $91.67. The stock has a market capitalization of $12.16 billion, a PE ratio of 17.93 and a beta of 1.04.
Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.02. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. Analysts anticipate that Genuine Parts will post $4.73 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in GPC. Gulf International Bank UK Ltd boosted its stake in shares of Genuine Parts by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 45,361 shares of the specialty retailer’s stock worth $4,191,000 after buying an additional 650 shares during the period. GW&K Investment Management LLC boosted its stake in shares of Genuine Parts by 0.4% in the first quarter. GW&K Investment Management LLC now owns 274,384 shares of the specialty retailer’s stock worth $25,356,000 after buying an additional 1,046 shares during the period. Weaver C. Barksdale & Associates Inc. boosted its stake in shares of Genuine Parts by 56.4% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 15,119 shares of the specialty retailer’s stock worth $1,397,000 after buying an additional 5,450 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of Genuine Parts by 11.5% in the first quarter. Manning & Napier Advisors LLC now owns 30,280 shares of the specialty retailer’s stock worth $2,797,000 after buying an additional 3,120 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Genuine Parts by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 133,935 shares of the specialty retailer’s stock worth $12,377,000 after buying an additional 3,392 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.
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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