Genuine Parts (GPC) Receives Media Impact Score of 0.16
Press coverage about Genuine Parts (NYSE:GPC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genuine Parts earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 46.3195915762248 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Sunny day for the auto parts retail sector – Seeking Alpha (seekingalpha.com)
- Is the Stock Safe to Invest? – Genuine Parts Company, (NYSE: GPC) – Stock Watch (stocksnewstimes.com)
- Zacks: Analysts Expect Genuine Parts Company (GPC) Will Post Quarterly Sales of $3.95 Billion (americanbankingnews.com)
- Alliance Automotive Holding Limited — Moody’s Withdraws Alliance Automotive Group’s Ratings (finance.yahoo.com)
- ETFs with exposure to Genuine Parts Co. : November 10, 2017 (finance.yahoo.com)
Shares of Genuine Parts (NYSE:GPC) traded down $1.01 on Wednesday, hitting $85.00. 657,100 shares of the stock were exchanged, compared to its average volume of 854,136. The stock has a market capitalization of $12,504.67, a price-to-earnings ratio of 18.75, a P/E/G ratio of 3.26 and a beta of 1.11. Genuine Parts has a 1 year low of $79.86 and a 1 year high of $100.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62.
Genuine Parts (NYSE:GPC) last issued its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.12). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Genuine Parts had a net margin of 4.16% and a return on equity of 20.49%. The firm’s revenue for the quarter was down 72.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. equities analysts forecast that Genuine Parts will post 4.58 EPS for the current year.
Genuine Parts announced that its board has authorized a stock repurchase plan on Monday, August 21st that permits the company to repurchase 15,000,000 shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
GPC has been the subject of several recent analyst reports. Gabelli raised shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Friday, July 21st. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. BidaskClub lowered shares of Genuine Parts from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and set a $95.00 target price on shares of Genuine Parts in a research note on Sunday, September 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $96.00.
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About Genuine Parts
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’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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