Genuine Parts Company (GPC) Given New $52.00 Price Target by Goldman Sachs (GS) Analysts.
Thursday, July 14, 2021 12:11 PM

Equities research analysts at Goldman Sachs (NYSE: GS) boosted their price target on shares of Genuine Parts Company (NYSE: GPC) to $52.00 in a research note to investors on Thursday.

Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Genuine Parts Company from $53.00 to $55.00 in a research note to investors on Tuesday, April 12nd. They now have a "sector perform" rating on the stock. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Genuine Parts Company in a research note to investors on Monday, February 28th. They now have a $55.00 price target on the stock.

Shares of Genuine Parts Company traded up 0.25% during mid-day trading on Friday, hitting $55.22. Genuine Parts Company has a 52 week low of $41.32 and a 52 week high of $57.66. The stock's 50-day moving average is $53.08 and its 200-day moving average is $52.85. The company has a market cap of $8.687 billion and a price-to-earnings ratio of 17.37.

Genuine Parts Company last announced its quarterly results on Tuesday, February 22nd. The company reported $0.75 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.70 EPS by $0.05. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Genuine Parts Company will post $0.93 EPS next quarter.

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. During the year ended December 31, 2009, business was conducted throughout the United States, in Canada and in Mexico from approximately 2,000 locations. The Company’s Automotive Parts Group operates 58 NAPA Distribution Centers in the United States distributed among eight geographic divisions. Approximately 90% of the distribution center properties are owned by the Company. At December 31, 2009, the Company operated approximately 1,000 National Automotive Parts Association (NAPA) AUTO PARTS stores located in 43 states, and the Company owned either a noncontrolling or controlling interest in approximately 19 additional auto parts stores and three distribution centers located in five states.

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