Evercore ISI analyst Greg Melich maintained a Hold rating on Genuine Parts Company (NYSE:GPC) on Friday, setting a price target of $145, which is approximately 8.82% above the present share price of $133.25.
Melich expects Genuine Parts Company to post earnings per share (EPS) of $1.60 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Genuine Parts Company, with an average price target of $142.75.
The analysts price targets range from a high of $157 to a low of $128.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $4.82 billion and a net profit of $295.59 million. The company's market cap is $18.98 billion.
According to TipRanks.com, Evercore ISI analyst Greg Melich is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 68.25% success rate.
Genuine Parts Co . engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. 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.