Genuine Parts (NYSE:GPC) was upgraded to a “buy” rating by analysts, potentially driving the stock price higher.
Stock AI’s forecasts:
🟢 +7.8% short-term ⬆️
🟢 +5.6% long-term ⬆️
Stock AI’s (GPC) Forecast get (+0.8% Profit)
StockAI’s analysis delivers real-world results. On 14 December 2023, $GPC ($140.7), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $139.62 (🔴-0.8%). Selling GPC on this signal yielded a +0.8% profit 💰💰.
GPC-Genuine Parts Company News
🟢 Genuine Parts stock was upgraded from a “hold” to a “buy” rating by analysts at StockNews.com, sparking positive interest in the market.
🔴 Heritage Wealth Advisors reduced their position in Genuine Parts by 10.3%, potentially leading to a slight decrease in price.
🟢 Genuine Parts received an average rating of “hold” from ten brokerages, indicating stability in the market.
🔴 Choreo LLC bought a new position in Genuine Parts, which could potentially lead to an increase in price.
🟢 NBC Securities Inc. increased their position in Genuine Parts by 27.1%, suggesting positive sentiment towards the stock.
🔴 StockNews.com downgraded Genuine Parts from a buy to hold rating, potentially causing a minor decrease in price.
Genuine Parts Company (GPC) has recently seen a mix of positive and negative news that could potentially impact its stock price. The upgrade from “hold” to “buy” by StockNews.com could lead to increased investor interest and drive the stock price up. However, the reduction in position by Heritage Wealth Advisors may have a slight negative impact on the price. The average rating of “hold” from ten brokerages indicates stability in the market, while the new position purchased by Choreo LLC could lead to a price increase. The increase in position by NBC Securities Inc. reflects positive sentiment towards the stock, but the downgrade by StockNews.com may cause a minor decrease in price.
Overall, Genuine Parts Company stock is currently in a position of stability with a mix of positive and negative news affecting its price. Investors should closely monitor these developments to make informed decisions about their investments in GPC.
GPC-Genuine Parts Company Analyst Ratings
Analyst Ratings on Genuine Parts Company Stock:
📈 StockNews.com upgraded Genuine Parts (NYSE:GPC) from a “hold” rating to a “buy” rating.
📈 NBC Securities Inc. lifted its position in Genuine Parts and increased its rating on the stock.
📉 StockNews.com downgraded Genuine Parts from a buy rating to a hold rating.
📉 Zacks Research reduced their earnings estimates for Genuine Parts stock.
📉 Robeco Institutional Asset Management B.V. decreased its position in Genuine Parts.
Sources:
1. ETF Daily News: Genuine Parts (NYSE:GPC) Stock Rating Upgraded by StockNews.com
2. ETF Daily News: NBC Securities Inc. Purchases 668 Shares of Genuine Parts (NYSE:GPC)
3. ETF Daily News: Genuine Parts (NYSE:GPC) Downgraded by StockNews.com
4. ETF Daily News: Genuine Parts to Post Q2 2024 Earnings of $2.59 Per Share, Zacks Research Forecasts
5. ETF Daily News: Robeco Institutional Asset Management B.V. Sells 516,965 Shares of Genuine Parts (NYSE:GPC)
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
Ready to analyze your own portfolio?
Get the same AI-powered insights for any stock you choose. It's easy!
