Evercore analyst Greg Melich maintains $Genuine Parts (GPC.US)$ with a hold rating, and adjusts the target price from $155 to $123.
According to TipRanks data, the analyst has a success rate of 67.7% and a total average return of 10.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Genuine Parts (GPC.US)$'s main analysts recently are as follows:
Genuine Parts' Q3 results did not meet expectations, and despite the potential in its investment case, the company has not realized this potential in recent quarters. The company's outlook indicates a continuation of the challenging conditions anticipated to last into Q4, and presently, there is no evident near-term catalyst for the stock.
Genuine Parts' Q3 outcomes significantly trailed behind even the revised forecasts, indicating that wage and rent inflation are surging beyond the company's initial projections, especially internationally. The firm is grappling with limited cost flexibility after six quarters of economic downturn, ongoing investment expenses, and the difficulties that come with overseeing a global operation amid persistent strain on trends. It's observed that the company's stock typically rallies when both segments of the business are expanding, conversely, it dips when growth is absent in these areas.
Genuine Parts disclosed Q3 outcomes that fell short of projections on the revenue front when adjusted for acquisitions, and notably did not meet expectations on the profit side. Additionally, the company reduced its full year forecast, indicating that the challenges are expected to continue into Q4.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Evercore分析師Greg Melich維持$Genuine Parts (GPC.US)$持有評級，並將目標價從155美元下調至123美元。
根據TipRanks數據顯示，該分析師近一年總勝率為67.7%，總平均回報率為10.4%。
此外，綜合報道，$Genuine Parts (GPC.US)$近期主要分析師觀點如下：
Genuine Parts第三季度的業績未達到預期，儘管其投資案例潛力巨大，但該公司在最近幾個季度尚未實現這一潛力。該公司的前景表明，預計將持續到第四季度的艱難條件將持續下去，目前，該股在短期內沒有明顯的催化劑。
Genuine Parts的第三季度業績甚至遠遠落後於修訂後的預測，這表明工資和租金通脹率飆升超過了公司最初的預期，尤其是在國際上。在經歷了六個季度的經濟衰退、持續的投資支出以及在趨勢持續緊張的情況下監督全球運營所帶來的困難之後，該公司正在努力應對有限的成本靈活性。據觀察，當兩個業務部門都在擴張時，公司的股票通常會上漲，相反，當這些領域沒有增長時，公司的股票就會下跌。
經收購調整後，Genuine Parts披露的第三季度業績未達到收入方面的預期，利潤方面顯然沒有達到預期。此外，該公司下調了全年預測，表明挑戰預計將持續到第四季度。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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