Genuine Parts (GPC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Genuine Parts (NYSE:GPC) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $97.75.

GPC has been the topic of several analyst reports. Moffett Nathanson initiated coverage on Genuine Parts in a report on Monday, December 4th. They set a “sell” rating on the stock. Royal Bank of Canada dropped their target price on Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating on the stock in a report on Friday, October 20th. Gabelli reiterated a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Finally, Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “sell” rating in a report on Friday, October 20th.

Shares of Genuine Parts (NYSE:GPC) opened at $97.72 on Tuesday. Genuine Parts has a twelve month low of $79.86 and a twelve month high of $107.75. The stock has a market capitalization of $14,228.84, a PE ratio of 21.86, a P/E/G ratio of 2.37 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 0.62 and a debt-to-equity ratio of 0.16.

A number of large investors have recently added to or reduced their stakes in GPC. Trustcore Financial Services LLC bought a new stake in Genuine Parts in the fourth quarter valued at approximately $107,000. Valeo Financial Advisors LLC raised its stake in Genuine Parts by 1,061.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,161 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 1,061 shares during the period. Horan Capital Advisors LLC. bought a new stake in Genuine Parts in the third quarter valued at approximately $134,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in Genuine Parts in the fourth quarter valued at approximately $192,000. Finally, IBM Retirement Fund bought a new stake in Genuine Parts in the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 75.62% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/13/genuine-parts-gpc-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for Genuine Parts (NYSE:GPC)

Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply