Genuine Parts Company’s Sector Perform Rating Reaffirmed at RBC Capital (GPC)
Genuine Parts Company (NYSE:GPC)‘s stock had its “sector perform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a $95.00 price target on the stock. RBC Capital’s price objective would indicate a potential upside of 8.20% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust initiated coverage on shares of Genuine Parts Company in a research note on Wednesday. They set a “neutral” rating and a $92.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Genuine Parts Company in a research note on Friday, August 22nd. They now have a $92.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Genuine Parts Company in a research note on Tuesday, July 22nd. They now have a $92.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $90.20.
Shares of Genuine Parts Company (NYSE:GPC) opened at 87.80 on Thursday. Genuine Parts Company has a 1-year low of $76.26 and a 1-year high of $90.00. The stock’s 50-day moving average is $85.69 and its 200-day moving average is $85.94. The company has a market cap of $13.441 billion and a P/E ratio of 20.01.
Genuine Parts Company (NYSE:GPC) last posted its quarterly earnings results on Monday, July 21st. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.02. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Genuine Parts Company will post $4.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, September 3rd.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials.
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