Genuine Parts Co (NYSE: GPC) has reported E.P.S. of $1.63 for its third fiscal quarter (ending September 30) versus $2.50 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $7.80 versus $8.90 for the same period a year ago.
Recent Price Action
Genuine Parts Co (NYSE: GPC) stock closed at $113.11 on 10/22/24 after a major decline of -21.0%. Moreover, exceptionally high trading volume at 763% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -18.9% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Genuine Parts has a neutral Appreciation Score of 41 and a slightly negative Power Rating of 38, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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