Genuine Parts (NYSE:GPC) Given New $137.00 Price Target at JPMorgan Chase & Co.

Genuine Parts (NYSE:GPC) had its target price lifted by JPMorgan Chase & Co. from $125.00 to $137.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.60% from the company’s previous close.

Several other brokerages also recently weighed in on GPC. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, September 21st. DA Davidson raised their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Truist Financial lifted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Genuine Parts Stock Performance

Shares of NYSE GPC traded up $1.50 during trading on Monday, hitting $128.52. The company had a trading volume of 140,265 shares, compared to its average volume of 1,565,346. Genuine Parts has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm has a market capitalization of $17.72 billion, a P/E ratio of 513.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The stock has a 50 day simple moving average of $132.24 and a 200 day simple moving average of $117.55.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts anticipate that Genuine Parts will post 7.73 earnings per share for the current year.

Institutional Investors Weigh In On Genuine Parts

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Genuine Parts during the second quarter worth $1,574,910,000. Bank of America Corp DE purchased a new position in shares of Genuine Parts during the second quarter valued at about $201,072,000. Corient Private Wealth LP bought a new stake in shares of Genuine Parts in the second quarter worth about $3,903,000. Cullen Capital Management LLC bought a new stake in shares of Genuine Parts in the second quarter worth about $166,471,000. Finally, Equity Investment Corp purchased a new stake in shares of Genuine Parts in the second quarter worth about $114,922,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.