Genuine Parts Co (NYSE: GPC) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
Small positive changes in fundamentals have recently occurred for Genuine Parts Co (NYSE: GPC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GPC is expected to continue to be a major Value Builder.
Genuine Parts has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Genuine Parts has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 54, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Genuine Parts Co (NYSE: GPC) stock rose slightly by 0.01% on 7/31/24. The stock closed at $147.11. Moreover, exceptionally high trading volume at 237% of normal accompanied the advance. The stock has risen 7.2% during the last week and has performed in line with the market over the last nine months.
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