Genuine Parts Company (NYSE:GPC) soared 1.96% during previous trade, a total of 1.91M shares exchanged hands compared with its average trading volume of 692,202 shares whereas its relative volume is 2.75. The stock has a market capitalization of $13.64B along with 148.41M outstanding shares. Stock’s intraday price range hit the peak level of $94.99 and touched the lowest level of $91.51.
Most recently Genuine Parts Company (NYSE:GPC)’s price target was revised on 04/17/17 and according to 9 analysts stock’s price will reach at $96.78 during 52 weeks with standard deviation of 4.23. Stock’s minimum price target estimates has been figured out at $92 while the maximum price target forecast is established at $102, if we look at the price target with an optimistic approach it has upside potential of 13% from its latest closing price of $91.91.
Historically, if we look at price target revisions, one week ago Genuine Parts Company (NYSE:GPC)’s price target was revised on 02/27/17 by the analysts, however the bullish price estimates of the stock set at $106 while the bearish estimates kept at $93 over the next one year. Stock’s 52-week target was retained at $98.71, the estimates indicates a standard deviation of 4.61.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.86. ABR value is precisely based on brokerage recommendations, where out of 7 brokerage recommendations 1 rate Genuine Parts Company (NYSE:GPC) stock a Strong Buy, 0 rate the stocks of the company a Buy, 5 rate Hold, 1 rate Sell and 0 recommend a Strong Sell. Most recently on 1/19/17 the stock of Genuine Parts Company (NYSE:GPC) upgraded by Goldman from Sell to Neutral. However previously on 7/15/16 it was downgraded by Jefferies from Buy to Hold. A research note issued on 7/14/16 the stock was downgraded by Gabelli & Co from Buy to Hold.
Genuine Parts Company (NYSE:GPC) performance over the past one year plunged -2.50% whereas its year to date (YTD) performance indicated a bearish trend of -3.10%. During the last six months the stock slipped -4.73%. Quarterly performance of the company shows declining momentum of -6.76% while its last one month trend is negative with -2.57%. Stock’s weekly performance expressed up trend of 1.43%.
The company’s price sits -2.23% below from its 50-day moving average of $92.62 and -4.39% below from the stock’s 200-day moving average which is $95.29. Genuine Parts Company (NYSE:GPC)’s shares are currently trading -11.47% away from the 52-week high price of $103.82 and +7.62% far from the 52-week low price of $85.40.
According to consensus agreement of 10 analysts Genuine Parts Company (NYSE:GPC) will report earnings per share of $1.05 in their quarterly report and it is expected to announce the company’s results on 4/19/17 Before Market Open. For the current quarter the company has high EPS estimates of $1.07 in contradiction of low EPS estimates of $1.03. However a year ago for the same quarter the company has reported $1.05 EPS. Current year EPS projections for Genuine Parts Company (NYSE:GPC) set at $4.76 according to the sentiments of 13 analysts, while its lowest earnings estimates are $4.74 and highest earnings estimates are $4.8.
According to 9 analysts, Genuine Parts Company (NYSE:GPC)’s revenue estimates for the current quarter are $3.85B meanwhile the company has high revenue estimates of $3.89B in contradiction of low revenue estimates of $3.81B. For the current year the company’s revenue estimates are $15.82B compared to low analyst estimates of $15.65B and high estimates of $15.9B according to the projection of 13 analysts.