Across the recent three months, 8 analysts have shared their insights on Genuine Parts GPC, expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 0 | 4 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $167.12, a high estimate of $183.00, and a low estimate of $155.00. This current average reflects an increase of 6.45% from the previous average price target of $157.00.
Investigating Analyst Ratings: An Elaborate Study
The standing of Genuine Parts among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Greg Melich | Evercore ISI Group | Raises | In-Line | $165.00 | $160.00 |
| Bret Jordan | Jefferies | Raises | Hold | $170.00 | $150.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $183.00 | $167.00 |
| Seth Basham | Wedbush | Raises | Neutral | $170.00 | $140.00 |
| Greg Melich | Evercore ISI Group | Lowers | In-Line | $155.00 | $160.00 |
| Scot Ciccarelli | Truist Securities | Maintains | Buy | $167.00 | $167.00 |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $167.00 | $157.00 |
| Greg Melich | Evercore ISI Group | Raises | In-Line | $160.00 | $155.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genuine Parts. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Genuine Parts compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Genuine Parts's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Genuine Parts's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Genuine Parts analyst ratings.
Unveiling the Story Behind Genuine Parts
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.
Genuine Parts's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining Genuine Parts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.32% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Genuine Parts's net margin is impressive, surpassing industry averages. With a net margin of 4.3%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Genuine Parts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.65% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Genuine Parts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.37% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 1.12, Genuine Parts faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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