CFRA Downgrades Genuine Parts (GPC) to Hold

Go back to CFRA Downgrades Genuine Parts (GPC) to Hold

Genuine Parts (GPC) PT Lowered to $164 at Truist Securities

July 23, 2024 1:44 PM EDT

Truist 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

Genuine Parts (GPC) Misses Q2 EPS by 15c, Misses on Revenue; Offers FY24 EPS Guidance

July 23, 2024 6:57 AM EDT

Genuine 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

Evercore ISI Issues Negative Tactical Trading Call on Genuine Parts (GPC)

July 19, 2024 5:40 AM EDT

Evercore ISI analyst Greg Melich reiterated an In Line rating and $150.00 price target on Genuine Parts (NYSE: GPC)

The analyst comments "We are initiating a negative tactical trading call or TAP on GPC ahead of its earnings on 7/23. We see near term downside toward $130 (down high single digits), with potential for a 2Q EPS miss and... More