Genuine Parts Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Genuine Parts stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPC, but not buy additional shares or sell existing shares.
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4 brokers have issued 12 month target prices for Genuine Parts' stock. Their GPC stock forecasts range from $133.00 to $142.00. On average, they anticipate Genuine Parts' share price to reach $137.75 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
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Genuine Parts' stock was trading at $140.20 at the start of the year. Since then, GPC shares have decreased by 5.1% and is now trading at $133.00.
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Genuine Parts saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,560,000 shares, an increase of 28.9% from the May 31st total of 1,210,000 shares. Based on an average trading volume of 774,200 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.1% of the company's shares are sold short.
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Genuine Parts is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Genuine Parts.

Genuine Parts will be holding an earnings conference call on Wednesday, July 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "2048254".

Genuine Parts (NYSE:GPC) released its quarterly earnings data on Thursday, April, 21st. The specialty retailer reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.16. The specialty retailer earned $5.29 billion during the quarter, compared to analysts' expectations of $5.08 billion. Genuine Parts had a trailing twelve-month return on equity of 30.84% and a net margin of 4.71%. The business's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share.
View Genuine Parts' earnings history.

Genuine Parts declared a quarterly dividend on Thursday, April 28th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.895 per share on Friday, July 1st. This represents a $3.58 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, June 2nd.
View Genuine Parts' dividend history.

Genuine Parts(NYSE:GPC) pays an annual dividend of $3.58 per share and currently has a dividend yield of 2.68%. Genuine Parts has been increasing its dividend for 67 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Genuine Parts is 55.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Genuine Parts will have a dividend payout ratio of 42.98% next year. This indicates that Genuine Parts will be able to sustain or increase its dividend.
View Genuine Parts' dividend history.

Genuine Parts issued an update on its FY22 earnings guidance on Thursday, April, 21st. The company provided earnings per share (EPS) guidance of $7.70-7.85 for the period, compared to the consensus EPS estimate of $7.61. The company issued revenue guidance of +10-12% yr/yr to $20.76-21.13 billion, compared to the consensus revenue estimate of $20.80 billion.

41 employees have rated Genuine Parts CEO Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among Genuine Parts' employees.

Some companies that are related to Genuine Parts include Mercedes-Benz Group (DDAIF), Bayerische Motoren Werke Aktiengesellschaft (BAMXF), General Motors (GM), Ford Motor (F), Honda Motor (HMC), DENSO (DNZOY), Li Auto (LI), Stellantis (STLA), NIO (NIO), Ferrari (RACE), AB Volvo (publ) (VLVLY), PACCAR (PCAR), Lucid Group (LCID), Cummins (CMI) and XPeng (XPEV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Genuine Parts investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Coca-Cola (KO), AbbVie (ABBV), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and Chevron (CVX).

Genuine Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPC."

Shares of GPC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GPC stock can currently be purchased for approximately $133.00.

Genuine Parts (NYSE:GPC) has a market capitalization of $18.83 billion and generates $18.87 billion in revenue each year. The specialty retailer earns $898.79 million in net income (profit) each year or $6.46 on an earnings per share basis.

Genuine Parts employs 52,000 workers across the globe.

Genuine Parts was founded in 1928.

Genuine Parts' mailing address is 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339. The official website for Genuine Parts is www.genpt.com. The specialty retailer can be reached via phone at (678) 934-5000, via email at [email protected], or via fax at 770-956-2211.