Analyst Viewpoints on Price Target Estimates: Genuine Parts Company (NYSE:GPC)

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.

Noticeable Earnings: Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) on July 19, 2016 announced sales and earnings for the second quarter and six months ended June 30, 2016.

Sales for the second quarter ended June 30, 2016 were $3.90 billion compared to $3.94 billion for the same period in 2015.  Net income for the second quarter was $191.4 million compared to $195.4 million recorded for the same period in the previous year.  Earnings per share on a diluted basis were $1.28, equal to the earnings per share for the second quarter last year.

Paul Donahue, President and Chief Executive Officer, commented, “Total sales in the second quarter were down 1% from the prior year, inclusive of a 2% contribution from acquisitions less a currency headwind of 1%.  Sales for the Automotive Group were down 0.7%, consisting of a 1% core sales decline, a 1.5% currency headwind and an approximate 2% contribution from acquisitions.  Sales at Motion Industries, our Industrial Group, were down 1.7%, including a 3% underlying sales decrease and an approximate 0.5% currency headwind, offset by a 2% benefit from acquisitions.  Sales at EIS, our Electrical/Electronic Group, were down approximately 5%, including a 1% negative impact of copper pricing.  Sales for S. P. Richards, our Office Products Group, were up 1%, consisting of a 5% contribution from acquisitions offset by a 4% underlying sales decrease.”

Sales for the six months ended June 30, 2016 were $7.62 billion compared to $7.68 billion for the same period in 2015.  Net income for the six months was $349.4 million, down 2% from 2015, and earnings per share on a diluted basis were $2.33, equal to the same six month period of the prior year.

2016 Outlook

For the full year 2016, the Company is maintaining its guidance for 1% to 2% total sales growth and is updating diluted earnings per share to $4.70 to $4.75 from $4.70 to $4.80.

Shares of Genuine Parts Company (NYSE:GPC) fell -2.20% to reach at $99.74 during the course of session. The company has experienced volume of M shares while on average the company has a capacity of trading 634,386.00 shares. The stock holds the market capitalization of $14.78B along with 149.62M outstanding shares. The stock traded in the price range of $98.33 – $101.232 for the last trading session. For the stock price target value has been calculated at $96.80 based on calls of 5 experts. Stock’s minimum price target estimates has been figured out at $92.00 while the maximum price target forecast is established at $105.00.

Genuine Parts Company (NYSE:GPC) as of current trade, has shown weekly downbeat performance of -5.17%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 15.53%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 17.75%. Shares of Genuine Parts Company (NYSE:GPC) currently have an ABR of 2.89, derived from a total of 9 opinions. The company’s price sits 1.88% above from its 50-day moving average of $99.20 and 9.87% above from the stock’s 200-day moving average of $93.77. The company has Relative Strength Index (RSI 14) of 48.22 along with Average True Range (ATR 14) of 1.71. Its weekly and monthly volatility is 1.66%, 1.53% respectively. The company’s beta value is at 0.86.

Genuine Parts Company (NYSE:GPC)’s price to sales ratio for trailing twelve months is 0.99 and price to book ratio for most recent quarter is 4.62, whereas price to cash per share for the most recent quarter is 73.38. The company’s price to free cash flow for trailing twelve months is 21.68. Its quick ratio for most recent quarter is 0.60 along with current ratio for most recent quarter of 1.40. Total debt to equity ratio of the company for most recent quarter is 0.22 whereas long term debt to equity ratio for most recent quarter is 0.08. The company has a Return on Assets of 8.50%. The company currently has a Return on Equity of 22.00% and Return on Investment of 18.50%.

Stock Earnings Estimates under Discussion: Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) plunged -0.92% or -0.95 points during previous trade after opening at the price of $102.84, a total of 906,709.00 shares exchanged hands compared with its average trading volume of 623,588.00 shares. The stock has a market capitalization of $15.13B and it has 149.62M outstanding shares.

According to consensus agreement of 10 analysts Genuine Parts Company (NYSE:GPC) will report earnings per share of $1.29 in their quarterly report and it is expected to announce the company’s results on 7/19/2016 BMO. For the current quarter the company has highest EPS estimates of $1.34 and low forecast is $1.26. However a year ago for the same quarter the company has reported $1.28 earnings per share.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $1.03 while the company reported $1.05 EPS on 4/19/2016 BMO with a difference of 0.02 marking a surprise factor of 1.94%.

Previously for the quarter ended on 12/2015, Genuine Parts Company (NYSE:GPC)’s expected mean EPS was $0.99, the company reported its quarterly earnings per share of $1.07 on 2/16/2016 BMO, beating the analysts’ consensus estimate by 0.08 with surprise factor of 8.08%.

Genuine Parts Company (NYSE:GPC)’s mean EPS estimate was $1.23 for the quarter ended on 9/2015, while it reported EPS of $1.24 on 10/19/2015 BMO, beating the analysts’ consensus estimate by 0.01 with surprise factor of 0.81%.

Back on 7/20/2015 the company’s estimated EPS value was $1.32 and it reported $1.28 earnings per share (EPS) for the quarter ended on 6/2015. The company posted a negative surprise factor of 3.03% by -0.04.

Genuine Parts Company (NYSE:GPC)’s average EPS forecast for the current year is $4.76 according to 14 analysts making projections. The most expectant earnings per share estimate of the stock is set at $4.85 while the conservative estimates kept at $4.7 over the current year. Having a look at the historical EPS report, the company attained $4.63 EPS for the previous year. While revenue estimates for the current year is 15.55B, setting the highest revenues estimates of 15.7B and indicating lowest revenues at 15.4B according to agreement of 12 number of analysts. Current revenue movements show that, the company has set average revenue estimates of 3.97B covering forecast of 8 analysts. The company indicates a peak revenue level of 4.02B and 3.94B at bottom level.

Having a glance at growth estimates of the company, it has current quarter growth estimates of 0.80% whereas for next quarter it has 4.00% estimations over growth. Its forecasts over growth are 2.80% during current year while analysts’ growth estimation for the next year is 8.20%. Past 5 years growth of Genuine Parts Company (NYSE:GPC) observed at 5.45%, and for the next five years the analysts that follow this company are expecting its growth at 4.40%.

Genuine Parts Company (NYSE:GPC) reached at $101.98 price level during last trade its distance from 20 days simple moving average is 1.20%, and its distance from 50 days simple moving average is 4.31% while it has a distance of 12.46% from the 200 days simple moving average. On year trading price range hit the peak level of $105.97 and touched the lowest level of $76.50 and its distance from 52 week high is -3.77% and current price is above +35.17% from 52 week low.