J.P. Morgan Reaffirms Their Buy Rating on Genuine Parts Company (GPC)
J.P. Morgan analyst Christopher Horvers maintained a Buy rating on Genuine Parts Company yesterday and set a price target of $125.00. The company’s shares closed yesterday at $110.44.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Horvers covers the Consumer Cyclical sector, focusing on stocks such as Home Depot, Tractor Supply, and Advance Auto Parts. According to TipRanks, Horvers has an average return of 8.6% and a 60.71% success rate on recommended stocks.
Currently, the analyst consensus on Genuine Parts Company is a Moderate Buy with an average price target of $139.50.
Based on Genuine Parts Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.01 billion and a GAAP net loss of $609.5 million. In comparison, last year the company earned a revenue of $5.77 billion and had a net profit of $133.06 million
Read More on GPC:
Disclaimer & DisclosureReport an Issue
- Genuine Parts Chief Information & Digital Officer to step down
- Qualcomm, Booking Holdings upgraded: Wall Street’s top analyst calls
- Genuine Parts upgraded to Strong Buy from Market Perform at Raymond James
- Genuine Parts price target lowered to $160 from $175 at Evercore ISI
- Midday Fly By: Berkshire cuts Amazon stake, MSG Sports weighs spinoff
