As of Friday close, Genuine Parts Company’s (NYSE:GPC) stock was up $0.56, moving up 0.36 percent to $154.87. The average number of shares traded per day over the past five days has been 807,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.12 fall in that time frame. In the last twenty days, the average volume was 888,490, while in the previous 50 days, it was 912,510.
Since last month, GPC stock retreated -0.19%. Shares of the company fell to $152.93 on 08/08/23, the lowest level in the past month. A 52-week high of $187.73 was reached on 02/27/23 after having rallying from a 52-week low of $145.30. Since the beginning of this year, GPC’s stock price has dropped by -10.74% or -$18.64, and marked a new high 9 times. However, the stock has declined by -17.50% since its 52-week high.
GPC stock investors should be aware that Genuine Parts Company (GPC) stock had its last reported insider trading activity 78 days ago on Jun 02. LOUDERMILK ROBERT C JR, the Director of the company, purchased of 2,000 shares for $151.75 on Jun 02. It resulted in a $303,500 investment by the insider. BREAUX RANDALL P added 500 shares at an average price of $149.44 on Jun 01. The insider now owns 20,523 shares following the transaction. On Mar 24, Chairman and CEO Donahue Paul D bought 1,600 shares at $156.08 apiece. The transaction was valued at $249,728.
Valuation Metrics
Right now, Genuine Parts Company (GPC) has a P/E ratio of about 18.10. The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 5.35, and the price-to-cash flow ratio of 29.01 may also be considered.
The latest dividend of $0.95 per share was paid out, remained unchanged from last year’s $0.95.
Financial Health
In the three months ended June 29, Genuine Parts Company’s quick ratio stood at 0.60, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.73, and the total debt-to-equity ratio was 0.84. On the profitability front, the trailing twelve-month gross margin is 35.40% percent. In the year ended June 29, EBITDA margin amounted to 9.24%, whereas operating margins totaled 7.20%. Based on annual data, GPC earned $7.74 billion in gross profit and brought in $22.1 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.20%. Return on equity (ROE) for the past 12 months was 31.40%.
In Genuine Parts Company’s quarter-end financial report for June 29, it reported total debt of $2.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GPC’s revenue rose 5.28% to $5.77 billion during the quarter, while net income inched up to $5.92 billion. While analysts expected Genuine Parts Company to report $2.34 quarterly earnings, the actual figure was $2.44 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $544.77 million in EBITDA. The liabilities of Genuine Parts Company were 12.86 billion at the end of its most recent quarter ended June 29, and its total debt was $4.27 billion. The value of shareholders’ equity is $140.44 million.
Technical Picture
This quick technical analysis looks at Genuine Parts Company’s (GPC) price momentum. With a historical volatility rate of 15.00%, the RSI 9-day stood at 41.65% on 18 August.
With respect to its five-day moving average, the current Genuine Parts Company price is down by -1.97% percent or -$3.12. At present, GPC shares trade -0.92% below its 20-day simple moving average and -2.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.98% above its SMA50 and -12.93% below its SMA200.
Stochastic coefficient K was 40.21% and Stochastic coefficient D was 45.40%, while ATR was 2.66. Given the Stochastic reading of 34.22% for the 14-day period, the RSI (14) reading has been calculated as 42.10%. As of today, the MACD Oscillator reading stands at -0.74, while the 14-day reading stands at -0.75.
Analyst Ratings
Northcoast launched its rating on Genuine Parts Company (NYSE: GPC) to a Buy in a note to investors on June 28, 2023. Genuine Parts Company (GPC) has been rated Overweight by analysts. According to 0 brokerage firms, GPC is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Genuine Parts Company stock as buy, with 5 recommending it as overweight.
With a median target price of $176.00, the current consensus forecast for the stock is $160.00 – $195.00. Based on these forecasts, analysts predict Genuine Parts Company (GPC) will achieve an average price target of $176.73.
