Somewhat Positive News Coverage Somewhat Unlikely to Impact Genuine Parts (GPC) Share Price
News articles about Genuine Parts (NYSE:GPC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genuine Parts earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 47.0997744142085 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Genuine Parts Co. breached its 50 day moving average in a Bearish Manner : GPC-US : November 8, 2017 (finance.yahoo.com)
- Genuine Parts Company (GPC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- GameStop Corp. (GME) noted a price change of -0.48% and … – Stocks Gallery (stocksgallery.com)
- Genuine Parts (GPC) Expands in Europe With AAG Acquisition – Nasdaq (nasdaq.com)
- Genuine Parts Company Completes Acquisition Of Europe’s Alliance Automotive Group – PR Newswire (press release) (prnewswire.com)
Shares of Genuine Parts (NYSE:GPC) opened at $86.02 on Thursday. The firm has a market capitalization of $12,671.81, a P/E ratio of 19.00, a P/E/G ratio of 3.30 and a beta of 1.11. Genuine Parts has a 12-month low of $79.86 and a 12-month high of $100.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.12). The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. Genuine Parts’s revenue for the quarter was down 72.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. analysts expect that Genuine Parts will post 4.58 earnings per share for the current fiscal year.
Genuine Parts declared that its Board of Directors has approved a share buyback program on Monday, August 21st that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently issued reports on GPC. Royal Bank Of Canada lifted their price target on Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research report on Thursday, October 12th. Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Finally, BidaskClub downgraded Genuine Parts from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.00.
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Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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