Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Genuine Parts (GPC) Share Price
Media coverage about Genuine Parts (NYSE:GPC) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genuine Parts earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 45.4971485383054 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Old Republic International Lifted Genuine Parts Co (GPC) Stake; Atria Investments Upped Cisco Sys (CSCO) Position … – Hill Country Times (hillcountrytimes.com)
- LKQ to buy German car parts retailer Stahlgruber in $1.8 billion deal – Reuters (reuters.com)
- Stocks in Queue: Genuine Parts Company, (NYSE: GPC), RAIT Financial Trust, (NYSE: RAS), Triangle Capital … – Stocks In The News (press release) (tradingnewsnow.com)
- Genuine Parts Co. : GPC-US: Dividend Analysis : December 08th, 2017 (record date) : By the numbers : December 8, 2017 (finance.yahoo.com)
- ETFs with exposure to Genuine Parts Co. : December 8, 2017 (finance.yahoo.com)
Genuine Parts (NYSE GPC) traded down $1.78 during trading hours on Thursday, reaching $91.48. The company had a trading volume of 763,514 shares, compared to its average volume of 852,961. The firm has a market capitalization of $13,595.47, a price-to-earnings ratio of 20.38, a PEG ratio of 3.54 and a beta of 1.12. The company has a quick ratio of 0.62, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. Genuine Parts has a fifty-two week low of $79.86 and a fifty-two week high of $100.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, December 7th. Genuine Parts’s dividend payout ratio (DPR) is presently 60.40%.
Genuine Parts announced that its board has authorized a stock repurchase plan on Monday, August 21st that allows the company to repurchase 15,000,000 outstanding shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several analysts have recently issued reports on the company. Moffett Nathanson assumed coverage on Genuine Parts in a report on Monday, December 4th. They set a “sell” rating on the stock. Zacks Investment Research lowered Genuine Parts from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Gabelli reissued a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Royal Bank of Canada reduced their target price on Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating on the stock in a report on Friday, October 20th. Finally, Jefferies Group reissued a “hold” rating and set a $95.00 target price on shares of Genuine Parts in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $96.00.
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About Genuine Parts
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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