Genuine Parts - GPC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street 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.
View GPC analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 12 month price objectives for Genuine Parts' shares. Their GPC share price forecasts range from $133.00 to $150.00. On average, they anticipate the company's share price to reach $141.25 in the next year. This suggests that the stock has a possible downside of 15.9%.
View analysts price targets for GPC or view top-rated stocks among Wall Street analysts.

Genuine Parts' stock was trading at $173.51 at the beginning of 2023. Since then, GPC shares have decreased by 3.2% and is now trading at $167.99.
View the best growth stocks for 2023 here.

Genuine Parts saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,260,000 shares, an increase of 11.3% from the December 31st total of 2,930,000 shares. Based on an average daily trading volume, of 941,100 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.4% of the company's stock are short sold.
View Genuine Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our GPC earnings forecast.

Genuine Parts will be holding an earnings conference call on Thursday, February 23rd 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 "1162108".

Genuine Parts (NYSE:GPC) issued its earnings results on Wednesday, October, 20th. The specialty retailer reported $1.88 EPS for the quarter, beating the consensus estimate of $1.64 by $0.24. The specialty retailer had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.70 billion. Genuine Parts had a net margin of 5.55% and a trailing twelve-month return on equity of 31.91%. During the same quarter in the prior year, the business posted $1.63 EPS.
Read the conference call transcript.

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 dividend on an annualized basis and a dividend yield of 2.13%. 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 2.15%. The company 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 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 41.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

Genuine Parts issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (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 retail and institutional investors. Top institutional shareholders include Hamlin Capital Management LLC (0.66%), National Bank of Canada FI (0.12%), Willis Investment Counsel (0.09%), Gateway Investment Advisers LLC (0.08%), Meyer Handelman Co. (0.07%) and Wedge Capital Management L L P NC (0.06%). Insiders that own company stock include John R Holder, Kevin Herron and Thomas Gallagher.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of GPC stock can currently be purchased for approximately $167.99.

Genuine Parts (NYSE:GPC) has a market capitalization of $23.71 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.