RBC Capital Reaffirms Their Hold Rating on Genuine Parts Company

By Ryan Adsit

RBC Capital analyst Gary Bisbee reiterated a Hold rating on Genuine Parts Company (NYSE: GPC) today and set a price target of $96. The company’s shares opened today at $90.49.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 9.0% and a 73.0% success rate. Bisbee covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Servicemaster Global Holdings, and Corporate Executive Board.

Currently, the analyst consensus on Genuine Parts Company is Hold and the average price target is $95.50, representing a 5.5% upside.

In a report released yesterday, Jefferies also reiterated a Hold rating on the stock with a $95 price target.

Genuine Parts Company’s market cap is currently $13.29B and has a P/E ratio of 19.52. The company has a book value ratio of 4.1288.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPC in relation to earlier this year. Most recently, in February 2016, Wendy Needham, a Director at GPC sold 3,000 shares for a total of $271,830.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.