Genuine Parts (GPC) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about Genuine Parts (NYSE:GPC) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. 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 news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.2258594025345 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Ex-Dividend Alert: Genuine Parts Has Raised Dividend for 60 Consecutive Years; Will Trade Ex-Dividend on December 07, 2017 (finance.yahoo.com)
- Moffett Nathanson Begins Coverage on Genuine Parts (GPC) (americanbankingnews.com)
- Top 4 Consumer Cyclical Stocks for 2017 (finance.yahoo.com)
- Genuine Parts Company (GPC) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Genuine Parts Company (GPC) Expected to Post Quarterly Sales of $3.95 Billion (americanbankingnews.com)
A number of research firms recently weighed in on GPC. Royal Bank Of Canada boosted their target price on Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and issued a $95.00 target price on shares of Genuine Parts in a research report on Thursday, October 12th. Moffett Nathanson began coverage on Genuine Parts in a research report on Monday. They issued a “sell” rating for the company. Finally, Gabelli restated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $96.00.
Shares of Genuine Parts (GPC) traded down $0.44 during mid-day trading on Wednesday, reaching $93.72. The company’s stock had a trading volume of 1,343,776 shares, compared to its average volume of 853,515. The company has a quick ratio of 0.62, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. Genuine Parts has a 12-month low of $79.86 and a 12-month high of $100.90. The company has a market capitalization of $13,775.81, a P/E ratio of 20.65, a P/E/G ratio of 3.59 and a beta of 1.12.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.12). Genuine Parts had a net margin of 4.16% and a return on equity of 20.49%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was down 72.2% compared to the same quarter last year. equities analysts forecast that Genuine Parts will post 4.58 EPS for the current year.
Genuine Parts announced that its Board of Directors has authorized a stock buyback plan on Monday, August 21st that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.675 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.70 annualized dividend and a yield of 2.88%. Genuine Parts’s payout ratio is currently 60.40%.
Genuine Parts Company Profile
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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