Monthly Stock Report: Genuine Parts Company (GPC)
Publication Date: September 22, 2024
Company Overview
Genuine Parts Company (GPC), headquartered in Atlanta, Georgia, stands as a leading distributor of automotive replacement parts and industrial materials. Established in 1928, GPC operates within the Auto Parts industry and the Consumer Cyclical sector, serving a diverse clientele across multiple countries. The company encompasses two primary segments: the Automotive Parts Group and the Industrial Parts Group. It offers essential components for vehicles, including hybrid and electric models, in addition to various industrial supplies such as abrasives, adhesives, and mechanical parts. Currently, GPC is evaluated with a “hold” recommendation amid fluctuating market conditions, with total revenue reaching approximately $23.16 billion, showcasing its substantial presence within the sector.
Market Position and Outlook
As of the latest update, GPC’s stock price stands at $137.02, positioned below the fifty-day moving average of $139.63. Analysts foresee a target high price of $165.00, with a target mean price of $154.44, indicating potential upside and investor optimism. Despite a current short interest of approximately 0.0217% and 2,639,121 shares shorted, market sentiment appears generally positive, suggesting limited bearish outlook toward GPC stock. The company’s robust financial performance, evidenced by impressive revenue figures, further supports a stable investment position, albeit with cautious sentiment from analysts.
Financial Performance and Recommendations
Genuine Parts Company’s total revenue is reported at $23.16 billion, reflecting its strong earning capacity within the industry. However, further insights into operational efficiency, such as EBITDA, remain unspecified. Analysts’ expectations suggest a potential price range between $145.00 and $165.00, with the consensus leaning towards holding current positions rather than engaging in aggressive trading. With the stock experiencing significant volatility over the past year—peaking at $164.45 and dipping to $126.35—investors are advised to closely monitor market movements and adjust their strategies proactively. The overall recommendation reflects a balanced view among analysts, emphasizing prudent management of investment positions in the face of evolving market dynamics.
| Metric | Value |
|---|---|
| Market Cap | $19.1b |
| Total Debt | $5.2b |
| Total Cash | $555.3m |
| Shares Outstanding | 139.3m |
| Float Shares | 138.7m |
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