Genuine Parts - GPC Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GPC shares. 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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3 Wall Street research analysts have issued 1-year price targets for Genuine Parts' stock. Their GPC share price forecasts range from $133.00 to $150.00. On average, they anticipate the company's stock price to reach $140.00 in the next year. This suggests that the stock has a possible downside of 24.8%.
View analysts price targets for GPC or view top-rated stocks among Wall Street analysts.

Genuine Parts' stock was trading at $140.20 at the start of the year. Since then, GPC shares have increased by 32.7% and is now trading at $186.10.
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Genuine Parts saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,840,000 shares, an increase of 6.4% from the September 30th total of 2,670,000 shares. Based on an average trading volume of 934,400 shares, the short-interest ratio is currently 3.0 days. Currently, 2.1% of the company's stock are sold short.
View Genuine Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our GPC earnings forecast.

Genuine Parts (NYSE:GPC) posted its earnings results on Thursday, October, 20th. The specialty retailer reported $2.23 EPS for the quarter, topping the consensus estimate of $2.05 by $0.18. The specialty retailer earned $5.68 billion during the quarter, compared to analyst estimates of $5.37 billion. Genuine Parts had a net margin of 5.55% and a trailing twelve-month return on equity of 31.91%. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS.
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Genuine Parts declared a quarterly dividend on Monday, November 14th. Investors of record on Friday, December 2nd will be given a dividend of $0.895 per share on Tuesday, January 3rd. This represents a $3.58 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for GPC.

Genuine Parts (NYSE:GPC) pays an annual dividend of $3.58 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 41.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

Genuine Parts updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $8.05-$8.15 for the period, compared to the consensus EPS estimate of $7.96. The company issued revenue guidance of $21.70 billion-$21.89 billion, compared to the consensus revenue estimate of $21.52 billion.

41 employees have rated Genuine Parts Chief Executive Officer Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among the company's employees.

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."

Genuine Parts' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.58%), BlackRock Inc. (8.36%), State Street Corp (5.38%), Truist Financial Corp (1.32%), Cullen Capital Management LLC (1.09%) and Bank of New York Mellon Corp (0.95%). Insiders that own company stock include John R Holder, Kevin Herron and Thomas Gallagher.
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Shares of GPC stock 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 $186.10.

Genuine Parts (NYSE:GPC) has a market capitalization of $26.27 billion and generates $18.87 billion in revenue each year. The specialty retailer earns $898.79 million in net income (profit) each year or $8.33 on an earnings per share basis.

The company employs 52,000 workers across the globe.

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