Jefferies Issues a Hold Rating on Genuine Parts Company

By Austin Angelo

Jefferies analyst Bret Jordan reiterated a Hold rating on Genuine Parts Company (NYSE: GPC) today and set a price target of $95. The company’s shares closed yesterday at $90.10.

According to, Jordan is a 4-star analyst with an average return of 6.6% and a 56.3% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Advance Auto Parts.

Currently, the analyst consensus on Genuine Parts Company is Hold and the average price target is $98, representing an 8.8% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $94 price target.

Based on Genuine Parts Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $3.78 billion and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $3.72 billion and had a net profit of $158 million.

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Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It also distributes industrial replacement parts in the U.S., Canada and Mexico through its Motion Industries subsidiary. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials. The Automotive segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles. The Industrial segment distributes a wide variety of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies. The Office products segment distributes a wide variety of office products, computer supplies, office furniture, and business electronics. The Electrical/Electronic Materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus. The company was founded by Carlyle Fraser on May 7, 1928 and is headquartered in Atlanta, GA.