The stock of Genuine Parts Company (NYSE:GPC) increased by $0.5 on Friday to finish at $153.04, up 0.33 percent. The last five days have seen an average of 631,920 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$20.47. The average number of shares traded over the last 20 days was 844,020, while the average volume over the last 50 days totaled 891,844.
GPC stock dropped -1.78% since last month. On 08/25/23, the company’s shares reached a one-month low of $152.42. The stock touched a high of $187.73 on 02/27/23, after rallying from a low of $145.30 in 52 weeks. The price of GPC stock has declined by -11.80% or -$20.47 this year, reaching a new high 9 times. Still, the stock price is down -18.48% from the 52-week high.
Insider Transactions
GPC stock investors should be aware that Genuine Parts Company (GPC) stock had its last reported insider trading activity 87 days ago on Jun 02. On Jun 02, Director LOUDERMILK ROBERT C JR acquired 2,000 shares at $151.75 each. This transaction resulted in the insider spending $303,500. On Jun 01, BREAUX RANDALL P added 500 shares at a price of US$149.44. After the transaction, the insider now owns 20,523 shares. Chairman and CEO Donahue Paul D had earlier bought 1,600 shares on Mar 24 for $156.08 a share. The transaction was completed for $249,728.
Valuation Metrics
Genuine Parts Company (GPC) has a trailing price-to-earnings (P/E) ratio of 17.89. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 5.28, and the price-to-cash flow ratio of 28.91.
Company paid $0.95 per share in dividends, remained unchanged from $0.95 last year.
Financial Health
For the three months ended June 29, Genuine Parts Company’s quick ratio was 0.60, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.73, and the total debt to equity ratio is 0.84. As far as profitability goes, gross margin for the trailing twelve months is 35.40% percent. Genuine Parts Company’s EBITDA margin for the year ended June 29 was 9.24%, whereas its operating margin stood at 7.20% for the same period. Based on annual data, it had gross profit of $7.74 billion and revenue of $22.1 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GPC’s return on assets (ROA) during the last 12 months has been 7.30%. There was a 17.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.40%.
Earnings Surprise
According to Genuine Parts Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.92 billion, while revenues rose by 5.28% to $5.77 billion. It was predicted that Genuine Parts Company’s quarterly earnings would be $2.44, but it ended up being $2.34, beating the consensus by 4.30%. EBITDA was $544.77 million for the quarter. At the end of Genuine Parts Company’s most recent quarter ended June 29, its liabilities totaled 12.86 billion, while its total debt was $4.27 billion. Equity owned by shareholders amounts to $140.44 million.
Technical Picture
Here’s a quick look at Genuine Parts Company’s (GPC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 38.99%, suggesting the stock is Neutral, with a 14.30% historical volatility rate.
The stochastic %K and %D were 13.01% and 14.01% respectively, while the average true range (ATR) was 2.32. Based on the 14-day stochastic reading of 10.03%, the RSI (14) reading is 40.06%. On the 9-day MACD Oscillator, the stock is at -0.84, and the 14-day reading is at -1.72.
Analyst Ratings
In its analyst report released on June 28, 2023, Northcoast began covering Genuine Parts Company (NYSE: GPC). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Genuine Parts Company (GPC) an Overweight rating. GPC is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is GPC’s price target for the next 12 months?
The current consensus forecast for the stock is between $160.00 and $195.00, with a median target price of $176.00. In analyzing these forecasts, the average price target given by analysts for Genuine Parts Company (GPC) is $176.73.
