Genuine Parts (NYSE:GPC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised Genuine Parts’ price target from $125 to $137 and maintained an “overweight” rating, implying 6.6% upside from the prior close.
• Analyst sentiment is generally positive, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $146, despite several “hold” ratings.
• Genuine Parts beat quarterly expectations with $2.15 in EPS and $6.54 billion in revenue, up 6% year over year; its shares recently traded at $128.52.

Genuine Parts (NYSE:GPC - Get Free Report) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $125.00 to $137.00 in a report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the specialty retailer's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 6.60% from the stock's previous close.

A number of other equities analysts also recently commented on GPC. UBS Group restated a "neutral" rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Monday, September 21st. DA Davidson lifted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Truist Financial boosted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $146.00.

Genuine Parts Trading Up 1.2%

NYSE:GPC traded up $1.50 during mid-day trading on Monday, reaching $128.52. 140,265 shares of the company's stock traded hands, compared to its average volume of 1,565,346. Genuine Parts has a 12-month low of $90.78 and a 12-month high of $151.57. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 513.84, a PEG ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a 50 day moving average price of $132.24 and a 200-day moving average price of $117.55.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%. The business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the company posted $2.10 EPS. Genuine Parts's quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts predict that Genuine Parts will post 7.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Motiv8 Investments LLC bought a new position in Genuine Parts in the fourth quarter worth approximately $31,000. Elevation Wealth Partners LLC grew its position in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 235 shares during the period. EFG International AG bought a new stake in shares of Genuine Parts during the 2nd quarter valued at $36,000. Caitong International Asset Management Co. Ltd grew its position in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 88 shares during the period. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Genuine Parts in the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

About Genuine Parts

Genuine Parts Company NYSE: GPC is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.

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