Genuine Parts Company (GPC) Receives Price Target

Genuine Parts Company (GPC) : The highest short term price target forecast on Genuine Parts Company (GPC) is $106 and the lowest target price is $92. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $98.8 with a standard deviation of $6.53.

Genuine Parts Company (GPC) : The consensus on Genuine Parts Company (GPC) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 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 (GPC).


Also, Susquehanna initiates coverage on Genuine Parts Company (NYSE:GPC) . The global brokerage major announces a current price target of $102 per share. Analysts at the Susquehanna have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Genuine Parts Company (NYSE:GPC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.00 and $102.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.01, notching a gain of 0.18% for the day. The total traded volume was 529,797 . The stock had closed at $102.82 on the previous day.

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.

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