Genuine Parts Co. (NYSE: GPC)’s stock price has dropped by -0.08 in relation to previous closing price of 144.55. Nevertheless, the company has seen a loss of -2.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Robust performance from Genuine Parts’ (GPC) Automotive and Industrial segments is likely to have bolstered the company’s revenues in Q1. Rising expenses are expected to have hurt profits.
Is It Worth Investing in Genuine Parts Co. (NYSE: GPC) Right Now?
The price-to-earnings ratio for Genuine Parts Co. (NYSE: GPC) is above average at 15.48x. The 36-month beta value for GPC is also noteworthy at 0.97. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for GPC is 139.06M, and at present, short sellers hold a 1.66% of that float. The average trading volume of GPC on April 17, 2024 was 991.07K shares.
GPC’s Market Performance
GPC’s stock has seen a -2.59% decrease for the week, with a -5.88% drop in the past month and a 4.68% gain in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 1.45% for Genuine Parts Co. The simple moving average for the last 20 days is -4.66% for GPC’s stock, with a simple moving average of -1.33% for the last 200 days.
Analysts’ Opinion of GPC
Many brokerage firms have already submitted their reports for GPC stocks, with UBS repeating the rating for GPC by listing it as a “Neutral.” The predicted price for GPC in the upcoming period, according to UBS is $160 based on the research report published on October 12, 2023 of the previous year 2023.
Northcoast, on the other hand, stated in their research note that they expect to see GPC reach a price target of $195. The rating they have provided for GPC stocks is “Buy” according to the report published on June 28th, 2023.
BofA Securities gave a rating of “Buy” to GPC, setting the target price at $189 in the report published on June 01st of the previous year.
GPC Trading at -3.19% from the 50-Day Moving Average
After a stumble in the market that brought GPC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.42% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -6.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.12% upper at present.
During the last 5 trading sessions, GPC fell by -2.54%, which changed the moving average for the period of 200-days by -14.61% in comparison to the 20-day moving average, which settled at $150.97. In addition, Genuine Parts Co. saw 4.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GPC starting from NEEDHAM WENDY B, who sale 3,250 shares at the price of $154.92 back on Mar 20 ’24. After this action, NEEDHAM WENDY B now owns 14,397 shares of Genuine Parts Co., valued at $503,490 using the latest closing price.
LOUDERMILK ROBERT C JR, the Director of Genuine Parts Co., purchase 2,000 shares at $151.75 during a trade that took place back on Jun 02 ’23, which means that LOUDERMILK ROBERT C JR is holding 33,162 shares at $303,500 based on the most recent closing price.
Stock Fundamentals for GPC
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.36 for the gross margin
The net margin for Genuine Parts Co. stands at 0.06. The total capital return value is set at 0.18. Equity return is now at value 32.14, with 7.64 for asset returns.
Based on Genuine Parts Co. (GPC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 27.54.
Currently, EBITDA for the company is 2.1 billion with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 10.39for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In summary, Genuine Parts Co. (GPC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
