Genuine Parts Company Reports Second Quarter 2024 Results and Revises Full-Year Outlook
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Genuine Parts (GPC) PT Lowered to $164 at Truist Securities
July 23, 2024 1:44 PM EDTTruist Securities analyst Scot Ciccarelli lowered the price target on Genuine Parts (NYSE: GPC) to $164.00 (from $183.00) while maintaining a Buy rating.
The analyst comments "2Q results were below our expectations in both Auto and Industrial and the company lowered its 24 guide by ~5%. However, we... More
CFRA Downgrades Genuine Parts (GPC) to Hold
July 23, 2024 9:16 AM EDTCFRA analyst Garrett Nelson downgraded Genuine Parts (NYSE: GPC) from Buy to Hold with a price target of $140.00 (from $180.00).
The analyst comments "We cut our 12-month target to $140 from $180, based on a '25 P/E of 13.3x, a discount to GPC's 5-year... More
Genuine Parts (GPC) Misses Q2 EPS by 15c, Misses on Revenue; Offers FY24 EPS Guidance
July 23, 2024 6:57 AM EDTGenuine Parts (NYSE: GPC) reported Q2 EPS of $2.44, $0.15 worse than the analyst estimate of $2.59. Revenue for the quarter came in at $6 billion versus the consensus estimate of $6.05 billion.
GUIDANCE:
Genuine Parts sees FY2024 EPS of $9.30-$9.50, versus the consensus of... More
