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Evercore ISI Sticks to Their Buy Rating for Genuine Parts Company (GPC)

Tipranks - Tipranks - Sat Oct 17, 9:50AM CDT

Evercore ISI analyst Greg Melich maintained a Buy rating on Genuine Parts Company today and set a price target of $150.00.

According to TipRanks, Melich is a 4-star analyst with an average return of 8.5% and a 59.46% success rate. Melich covers the Consumer Cyclical sector, focusing on stocks such as Lowe’s, Advance Auto Parts, and AutoZone.

Currently, the analyst consensus on Genuine Parts Company is a Moderate Buy with an average price target of $143.57.

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Based on Genuine Parts Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.54 billion and a net profit of $227.56 million. In comparison, last year the company earned a revenue of $6.16 billion and had a net profit of $254.88 million

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