Genuine Parts Company (NYSE:GPC) is one of the worst performers on the stock market today. At current price of $97.08, the shares have already lost -5.14 points (-5.03% lower) from its previous close of $102.22. Should you buy or avoid them? The stock sets an active trading volume day with a reported 331600 contracts so far this session. GPC shares had a relatively better volume day versus average trading capacity of 779.63 thousand shares, but with a 0.14 billion float and a -1.89% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GPC stock indicates that the average analyst price target is $107.29 per share. This means the stock has a potential increase of 10.52% from where the GPC share price has been trading recently which is between $101.97 and $105.52. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $85.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Genuine Parts (GPC) Q2 Earnings and Revenues Miss Estimates” and dated July 18, 2019.
During the recent trading session for Genuine Parts Company (NYSE:GPC), the company witnessed their stock drop by $-6.95 over a week and tumble down $-5.84 from the price 20 days ago. When compared to their established 52-week high of $115.2, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/04/19. The recent low of $91.04 stood for a -15.73% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.94 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Genuine Parts Company, the two-week RSI stands at 30.89. This figure suggests that GPC stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current GPC readings is similarly very revealing as it has a stochastic reading of 30.81% at this stage. This figure means that GPC share price today is being neutral.
Technical chart claims that Genuine Parts Company (GPC) would settle between $104.5/share to $106.79/share level. However, if the stock price goes below the $100.95 mark, then the market for Genuine Parts Company becomes much weaker. If that happens, the stock price might even plunge as low as $99.69 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -2.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Goldman, assumed coverage of GPC assigning Neutral rating, according to their opinion released on July 11. Stephens, analysts launched coverage of Genuine Parts Company (NYSE:GPC) stock with a Overweight recommendation, according to their flash note issued to investors on May 31. Analysts at Evercore ISI, made their first call for the equity with a In-line recommendation, according to a research note that dated back to March 20.
GPC equity has an average rating of 2.64, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 9 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Genuine Parts Company (NYSE:GPC) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GPC stock price is currently trading at 16.56X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.79 while for the average stock in the same group, the multiple is 1.59. Genuine Parts Company current P/E ratio of 18.94 means it is trading at a premium against its industry’s 14.22. In the past 5 years, this ratio for the stock has been fluctuating between 17.44 and 23.13.
Genuine Parts Company (GPC)’s current-quarter revenues are projected to climb by nearly 3.77% to hit $5 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 4.03% from $18.74 billion to a noteworthy $19.49 billion. At the other end of the current quarter income statement, Genuine Parts Company is expected to see its adjusted earnings surge by roughly 5.03% to hit $1.67 per share. For the fiscal year, GPC’s earnings are projected to climb by roughly 3.87% to hit $5.9 per share.