Genuine Parts Co. (NYSE: GPC) has seen a decline in its stock price by -0.97 in relation to its previous close of 163.38. However, the company has experienced a 12.31% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Explore Genuine Parts’ (GPC) international revenue trends and how these numbers impact Wall Street’s forecasts and what’s ahead for the stock.
Is It Worth Investing in Genuine Parts Co. (NYSE: GPC) Right Now?
The price-to-earnings ratio for Genuine Parts Co. (NYSE: GPC) is 18.05x, which is above its average ratio. Moreover, the 36-month beta value for GPC is 0.94. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for GPC is 138.94M and currently, short sellers hold a 1.66% of that float. On April 25, 2024, GPC’s average trading volume was 1.10M shares.
GPC’s Market Performance
GPC stock saw an increase of 12.31% in the past week, with a monthly gain of 5.33% and a quarterly increase of 14.21%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 1.73% for Genuine Parts Co. (GPC). The simple moving average for the last 20 days is 6.24% for GPC stock, with a simple moving average of 10.68% 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 7.24% 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 -7.50% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.48% upper at present.
During the last 5 trading sessions, GPC rose by +12.31%, which changed the moving average for the period of 200-days by -3.04% in comparison to the 20-day moving average, which settled at $152.75. In addition, Genuine Parts Co. saw 16.82% 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:
- 0.07 for the present operating margin
- 0.36 for the gross margin
The net margin for Genuine Parts Co. stands at 0.05. The total capital return value is set at 0.17. Equity return is now at value 30.29, with 7.16 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 0.4. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 25.64.
Currently, EBITDA for the company is 2.1 billion with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 9.53for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
To wrap up, the performance of Genuine Parts Co. (GPC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
