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Genuine Parts (NYSE:GPC) Price Target Raised to $160.00

Genuine Parts logo with Retail/Wholesale background

Genuine Parts (NYSE:GPC - Get Free Report) had its price target hoisted by stock analysts at Loop Capital from $155.00 to $160.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the specialty retailer's stock. Loop Capital's price target points to a potential upside of 20.08% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Truist Financial lifted their target price on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday. Wall Street Zen cut shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. UBS Group lifted their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $114.00 target price (down previously from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $135.29.

View Our Latest Analysis on Genuine Parts

Genuine Parts Price Performance

NYSE GPC traded down $1.44 on Thursday, hitting $133.24. The stock had a trading volume of 611,908 shares, compared to its average volume of 1,431,613. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $149.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.52 and a current ratio of 1.14. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 22.95 and a beta of 0.74. The firm has a 50-day moving average of $124.53 and a 200-day moving average of $120.80.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 EPS. Equities analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Institutional Investors Weigh In On Genuine Parts

Large investors have recently modified their holdings of the stock. Rossby Financial LCC bought a new stake in shares of Genuine Parts during the 1st quarter valued at about $25,000. Olde Wealth Management LLC purchased a new position in Genuine Parts during the 1st quarter valued at about $27,000. North Capital Inc. purchased a new position in Genuine Parts during the 1st quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new position in Genuine Parts during the 4th quarter valued at about $33,000. Finally, Investors Research Corp lifted its position in Genuine Parts by 75.3% during the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 125 shares during the period. Institutional investors own 78.83% of the company's stock.

Genuine Parts Company Profile

(Get Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

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Analyst Recommendations for Genuine Parts (NYSE:GPC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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