Genuine Parts Company (NYSE:GPC) finished Friday with a subtraction of -$1.73 to close at $173.51, a downside of -0.99 percent. An average of 498,860 shares of common stock have been traded in the last five days. There was a fall of -$1.48 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 816,195 shares traded, while the 50-day average volume stands at 908,600.
GPC stock has decreased by -5.36% in the last month. The company shares reached their 1-month lowest point of $172.08 on 12/30/22. With the stock rallying to its 52-week high on 12/02/22, shares of the company touched a low of $115.63 and a high of $187.73 in 52 weeks. It has reached a new high 35 times so far this year and achieved 23.76% or $33.31 in price. In spite of this, the price is down -7.57% from the 52-week high.
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Genuine Parts Company (GPC) has a trailing price-to-earnings (P/E) ratio of 20.84. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.13, the price-to-book (PB) ratio at 6.69, and the price-to-cash flow ratio at 38.05.
The company has a payout ratio of 41.80%. The company’s most recent quarterly dividend payment was $0.8950 a share, without any change from last year. Its latest increase dividend $0.08 reported on Monday February 14 2022.
The quick ratio of Genuine Parts Company for the three months ended September 29 was 0.60, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.88 and a total debt to equity ratio of 0.88 for the quarter ending September 29. Its gross profit as reported stood at $6.63 billion compared to revenue of $18.87 billion.
For the three-month period that ended September 29, Genuine Parts Company had $3.23 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $312.36 million in the quarter, while revenues of $372.53 million were grew 26.82%. The analyst consensus anticipated Genuine Parts Company’s latest quarter earnings to come in at $2.05 per share, but it turned out to be $2.23, a 8.80% surprise. For the quarter, EBITDA amounted to $515.1 million. Shareholders own equity worth $141.16 million.
From a technical analysis perspective, let’s take a brief look at Genuine Parts Company (GPC) price momentum. RSI 9-day as of the close on 30 December was 34.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.73%.
As of today, GPC’s price is $175.56 -0.85% or -$1.48 from its 5-day moving average. GPC is currently trading -6.16% lower than its 20-day SMA and +14.10% higher than its 100-day SMA. However, the stock’s current price level is +9.15% above the SMA50 and +35.48% above the SMA200.
The stochastic %K and %D were 13.11% and 18.30%, respectively, and the average true range (ATR) was 3.13. With the 14-day stochastic at 11.22% and the average true range at 3.33, the RSI (14) stands at 40.14%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -2.28.
Goldman downgraded Genuine Parts Company (NYSE: GPC) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Genuine Parts Company (GPC) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GPC, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is GPC’s price target for the next 12 months?
Analysts predict a range of price targets between $147.00 and $185.00, with a median target of $170.00. Taking a look at these predictions, the average price target given by analysts for Genuine Parts Company (GPC) stock is $166.44.