In the latest trading session, 1.8 million Genuine Parts Co. (NYSE:GPC) shares changed hands as the company’s beta touched 0.91. With the company’s most recent per share price at $116.80 changed hands at -$26.32 or -18.39% at last look, the market valuation stands at $16.27B. GPC’s current price is a discount, trading about -40.8% off its 52-week high of $164.45. The share price had its 52-week low at $126.35, which suggests the last value was -8.18% down since then. When we look at Genuine Parts Co.’s average trading volume, we note the 10-day average is 0.87 million shares, with the 3-month average coming to 840.39K.
Analysts gave the Genuine Parts Co. (GPC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.47. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended GPC as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Genuine Parts Co.’s EPS for the current quarter is expected to be 2.42.
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Genuine Parts Co. (NYSE:GPC) trade information
Instantly GPC was in red as seen in intraday trades today. With action -16.82%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.67%, with the 5-day performance at -16.82% in the red. However, in the 30-day time frame, Genuine Parts Co. (NYSE:GPC) is -15.20% down. Looking at the short shares, we see there were 2.73 million shares sold at short interest cover period of 3.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 175, meaning bulls need an upside of 33.26% from its recent market value. According to analyst projections, GPC’s forecast low is 150 with 183 as the target high. To hit the forecast high, the stock’s price needs a -56.68% plunge from its current level, while the stock would need to soar -28.42% for it to hit the projected low.
Genuine Parts Co. (GPC) estimates and forecasts
Data shows that the Genuine Parts Co. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -28.51% over the past 6 months, a 0.11% in annual growth rate that is considerably lower than the industry average of 3.50%. Year-over-year growth is forecast to reach 1.70% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 5.94B. 9 analysts are of the opinion that Genuine Parts Co.’s revenue for the current quarter will be 5.78B. The company’s revenue for the corresponding quarters a year ago was 5.92B and 5.59B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.40%. The estimates for the next quarter sales put growth at 3.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.14%. The 2024 estimates are for Genuine Parts Co. earnings to increase by 0.17%, but the outlook for the next 5-year period is at 7.10% per year.
GPC Dividends
Genuine Parts Co. is expected to release its next quarterly earnings report on 2024-Jul-23. The 3.38% annual yield figure for the share gives it an annual dividend of 3.95. It is important to note, however, that the 3.38% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.73 per year.
Genuine Parts Co. (NYSE:GPC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.34% of Genuine Parts Co. shares while 82.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.58%. There are 82.29% institutions holding the Genuine Parts Co. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.2629% of the shares, roughly 17.15 million GPC shares worth $2.37 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.7451% or 10.83 million shares worth $1.5 billion as of 2024-06-30.
