Genuine Parts (GPC) Stock Forecast & Price Target

$113.02

-30.11 (-21.04%)

(As of 10/22/2024 ET)

Genuine Parts - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 7 Analyst Ratings

Sell
0

Hold
5

Buy
2

Based on 7 Wall Street analysts who have issued ratings for Genuine Parts in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 5 have given a hold rating, and 2 have given a buy rating for GPC.

Consensus Price Target

$155.14
37.28% Upside

According to the 7 analysts' twelve-month price targets for Genuine Parts, the average price target is $155.14. The highest price target for GPC is $170.00, while the lowest price target for GPC is $135.00. The average price target represents a forecasted upside of 37.28% from the current price of $113.02.

GPC Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$155.14	$161.14	$161.14	$168.11
Forecasted Upside	37.28% Upside	16.99% Upside	16.80% Upside	30.53% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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GPC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GPC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Genuine Parts Stock vs. The Competition

Type	Genuine Parts	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.29	2.50	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	40.57% Upside	35.48% Upside	7.90% Upside
News Sentiment Rating	Positive News See Recent GPC News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	JPMorgan Chase & Co. 2 of 5 stars	Lower Target	Overweight ➝ Overweight	$162.00 ➝ $135.00	+19.35%
10/22/2024	Evercore ISI 2 of 5 stars	Boost Target	In-Line ➝ In-Line	$155.00 ➝ $160.00	+38.19%
8/28/2024	Truist Financial 2 of 5 stars	Reiterated Rating	Buy ➝ Buy	$164.00 ➝ $164.00	+14.50%
7/24/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$170.00 ➝ $145.00	+6.43%
7/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$166.00 ➝ $162.00	+18.72%
7/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$165.00 ➝ $150.00	+10.31%
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4/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$150.00 ➝ $170.00	+4.81%
7/21/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight	$172.00 ➝ $168.00	+8.29%
6/28/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$195.00	+18.18%
6/1/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$185.00 ➝ $189.00	+26.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:27 AM ET.

Should I Buy Genuine Parts Stock? GPC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 20, 2024. Please send any questions or comments about these Genuine Parts pros and cons to contact@marketbeat.com.

Genuine Parts
Bull Case

Here are some ways that investors could benefit from investing in Genuine Parts:

Genuine Parts has a consistent track record of paying dividends, offering investors a steady income stream. The current dividend yield of 2.93% is attractive compared to other investment options.
Despite missing earnings estimates in the last quarter, Genuine Parts has a strong return on equity of 30.03%, indicating efficient use of shareholder funds to generate profits.
Recent institutional investments in Genuine Parts, such as SG Americas Securities LLC increasing its stake by 557.9%, signal confidence from large investors in the company's future growth potential.
Genuine Parts' stock price has shown resilience, trading up slightly even in volatile market conditions, demonstrating stability and potential for long-term growth.
The company operates in two segments - Automotive Parts Group and Industrial Parts Group, diversifying its revenue streams and reducing dependency on a single market sector.

Genuine Parts
Bear Case

Investors should be bearish about investing in Genuine Parts for these reasons:

Analyst ratings have been mixed, with several firms lowering their price targets on Genuine Parts, indicating uncertainty in the company's future performance.
Genuine Parts recently missed earnings estimates, which could lead to short-term volatility in the stock price as investor confidence may waver.
The company's revenue for the last quarter was below consensus estimates, suggesting potential challenges in maintaining growth rates in a competitive market environment.
With a beta of 0.90, Genuine Parts' stock may not provide significant protection during market downturns compared to lower beta stocks, potentially exposing investors to higher volatility.
While Genuine Parts has a solid dividend payout ratio of 44.59%, any future changes in dividend policy could impact investor sentiment and stock performance.

GPC Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Genuine Parts is $155.14, with a high forecast of $170.00 and a low forecast of $135.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPC, but not buy additional shares or sell existing shares.
: According to analysts, Genuine Parts's stock has a predicted upside of 37.28% based on their 12-month stock forecasts.
: Genuine Parts has been rated by research analysts at Evercore ISI, JPMorgan Chase & Co., and Truist Financial in the past 90 days.
: Analysts like Genuine Parts less than other "retail/wholesale" companies. The consensus rating score for Genuine Parts is 2.29 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how GPC compares to other companies.

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This page (NYSE:GPC) was last updated on 10/23/2024 by MarketBeat.com Staff

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Genuine Parts (GPC) Stock Forecast & Price Target