Genuine Parts (NYSE:GPC) Given New $124.00 Price Target at Truist Financial

Genuine Parts (NYSE:GPCGet Free Report) had its price objective dropped by analysts at Truist Financial from $127.00 to $124.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s price target would suggest a potential upside of 7.93% from the stock’s previous close.

GPC has been the topic of several other research reports. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. UBS Group cut their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Zacks Research lowered Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $145.14.

View Our Latest Analysis on Genuine Parts

Genuine Parts Stock Performance

GPC opened at $114.89 on Wednesday. Genuine Parts has a 52-week low of $96.08 and a 52-week high of $151.57. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a market cap of $15.98 billion, a P/E ratio of 249.76 and a beta of 0.76. The firm’s 50-day moving average price is $112.96 and its 200-day moving average price is $124.66.

Genuine Parts (NYSE:GPCGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts anticipate that Genuine Parts will post 7.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Genuine Parts

A number of large investors have recently bought and sold shares of GPC. Olistico Wealth LLC purchased a new stake in Genuine Parts in the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in Genuine Parts in the fourth quarter valued at approximately $25,000. Community Bank N.A. purchased a new stake in Genuine Parts in the 3rd quarter worth approximately $27,000. Peoples Financial Services CORP. purchased a new stake in Genuine Parts in the 3rd quarter worth approximately $29,000. Finally, WPG Advisers LLC boosted its position in Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Key Genuine Parts News

Here are the key news stories impacting Genuine Parts this week:

Genuine Parts Company Profile

(Get Free Report)

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.

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