Genuine Parts (NYSE:GPC) PT Set at $99.00 by Royal Bank of Canada

Royal Bank of Canada set a $99.00 price objective on Genuine Parts (NYSE:GPC) in a research report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the specialty retailer’s stock.

Several other research analysts also recently commented on GPC. Jefferies Financial Group set a $102.00 price objective on shares of Genuine Parts and gave the company a hold rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lowered their price objective on shares of Genuine Parts from $114.00 to $104.00 and set a neutral rating for the company in a research report on Monday, July 15th. Zacks Investment Research upgraded shares of Genuine Parts from a sell rating to a hold rating and set a $103.00 price objective for the company in a research report on Wednesday, July 24th. Goldman Sachs Group initiated coverage on shares of Genuine Parts in a research report on Thursday, July 11th. They set a neutral rating and a $107.00 price objective for the company. Finally, Raymond James initiated coverage on shares of Genuine Parts in a research report on Monday, October 7th. They set a market perform rating for the company. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $105.50.

GPC traded up $2.42 during trading on Friday, hitting $101.35. 902,728 shares of the stock traded hands, compared to its average volume of 744,461. Genuine Parts has a twelve month low of $87.26 and a twelve month high of $115.20. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 3.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.68. The business has a 50 day moving average price of $95.97 and a 200 day moving average price of $99.49.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. Genuine Parts had a net margin of 4.14% and a return on equity of 23.20%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts predict that Genuine Parts will post 5.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a dividend of $0.7625 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.05 annualized dividend and a dividend yield of 3.01%. Genuine Parts’s dividend payout ratio (DPR) is presently 53.70%.

Several large investors have recently made changes to their positions in GPC. NEXT Financial Group Inc acquired a new position in shares of Genuine Parts during the second quarter worth $26,000. Strategic Blueprint LLC acquired a new position in shares of Genuine Parts during the third quarter worth $30,000. Marshall Wace North America L.P. acquired a new position in shares of Genuine Parts during the first quarter worth $44,000. CSat Investment Advisory L.P. increased its holdings in shares of Genuine Parts by 173.9% during the second quarter. CSat Investment Advisory L.P. now owns 482 shares of the specialty retailer’s stock worth $50,000 after buying an additional 306 shares in the last quarter. Finally, Pflug Koory LLC acquired a new position in shares of Genuine Parts during the second quarter worth $52,000. Institutional investors own 76.95% of the company’s stock.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Analyst Recommendations for Genuine Parts (NYSE:GPC)

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