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J.P. Morgan Reaffirms Their Buy Rating on Genuine Parts Company (GPC)

Tipranks - Fri Apr 17, 7:50AM CDT

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.

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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

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