Genuine Parts Company (NYSE:GPC) finished Wednesday with an addition of $1.14 to close at $156.51, an upside of 0.73 percent. An average of 916,500 shares of common stock have been traded in the last five days. There was a gain of $1.16 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,029,680 shares traded, while the 50-day average volume stands at 962,522.
GPC stock has decreased by -7.25% in the last month. The company shares reached their 1-month lowest point of $152.93 on 08/08/23. With the stock rallying to its 52-week high on 02/27/23, shares of the company touched a low of $145.30 and a high of $187.73 in 52 weeks. It has reached a new high 9 times so far this year and lost -9.80% or -$17.00 in price. In spite of this, the price is down -16.63% from the 52-week high.
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Valuation Metrics
Genuine Parts Company (GPC) has a trailing price-to-earnings (P/E) ratio of 18.29. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 5.40, and the price-to-cash flow ratio at 96.56.
The company has a payout ratio of 42.90%. The company’s most recent quarterly dividend payment was $0.95 a share, without any change from last year. Its latest increase dividend $0.0550 reported on Tuesday February 21 2023.
Financial Health
The quick ratio of Genuine Parts Company for the recent quarter was 0.60, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.73 and a total debt to equity ratio of 0.84 for the recent quarter. Genuine Parts Company’s EBITDA margin is 9.24%, while its operating margin for the same period stands at 7.20%. Its gross profit as reported stood at $7.74 billion compared to revenue of $22.1 billion.
Earnings Surprise
For the recent quarter, Genuine Parts Company had $2.99 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 $344.49 million in the quarter, while revenues were shrunk -8.14%. Shareholders own equity worth $140.44 million.
Technical Picture
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 09 August was 43.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 9.16%.
As of today, GPC’s price is $155.91 +0.75% or $1.16 from its 5-day moving average. GPC is currently trading -7.80% lower than its 20-day SMA and -4.95% lower than its 100-day SMA. However, the stock’s current price level is -0.45% below the SMA50 and -0.86% below the SMA200.
The stochastic %K and %D were 36.70% and 23.09%, respectively, and the average true range (ATR) was 2.58. With the 14-day stochastic at 63.53% and the average true range at 2.71, the RSI (14) stands at 43.01%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.25.
Analyst Ratings
Northcoast launched coverage on Genuine Parts Company (NYSE: GPC) in its analyst report released on June 28, 2023. The firm assigned the stock a Buy rating. The consensus rating for Genuine Parts Company (GPC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms 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 5 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 $160.00 and $195.00, with a median target of $176.00. Taking a look at these predictions, the average price target given by analysts for Genuine Parts Company (GPC) stock is $176.73.
