Genuine Parts Company (NYSE:GPC) : The consensus on Genuine Parts Company (NYSE:GPC) based on 9 analyst recommendation on the company stock is 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Genuine Parts Company (NYSE:GPC).
Genuine Parts Company (NYSE:GPC) stock is expected to deviate a maximum of $8.11 from the average target price of $99.4 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $112 and the most muted being $92.
Company shares have received an average consensus rating of Hold for the current week
Genuine Parts Company (NYSE:GPC): stock turned positive on Tuesday. Though the stock opened at $96, the bulls momentum made the stock top out at $97.715 level for the day. The stock recorded a low of $95.65 and closed the trading day at $97.41, in the green by 2.20%. The total traded volume for the day was 763,343. The stock had closed at $95.31 in the previous days trading.
In an insider trading activity, The officer (Executive Vice President), of Genuine Parts Co, Breen Timothy P had unloaded 700 shares at $98.05 per share in a transaction on April 27, 2016. The total value of transaction was $68,635. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 operates through four segments: Automotive Parts Group, which distributes automotive parts and accessory items; Industrial Parts Group, which distributes industrial replacement parts and related supplies; Office Products Group, which is engaged in the wholesale distribution of a line of office and other business related products, and Electrical/Electronic Materials Group, which distributes materials to more than 20,000 electrical and electronic manufacturers, as well as industrial assembly and specialty wire and cable markets in North America. In 2014, the Companys business was conducted from approximately 2,600 locations throughout the United States, Canada, Mexico, Australia and New Zealand.