Market Overview

Gabelli Maintains Buy on Genuine Parts

Share:

Gabelli is out with its report today on Genuine Parts (NYSE: GPC), maintaining Buy.

In a note to clients, Gabelli writes, "Given the better than expected quarter along with some share count shrink, we are increasing our FY11 EPS estimate to $3.55 from $3.45, with our 2012 EPS estimate moving to $3.90. We continue to recommend GPC shares, as shares continue to trade at a double digit discount to our FY12 PMV of $63 (notwithstanding a 3.3% current dividend return). Though we expect some comp deceleration, we believe the company to be well positioned to gain share across its divisions and continue to return consistent value to shareholders."

Shares of GPC closed Friday at $57.10.

Posted-In: GabelliAnalyst Color Analyst Ratings

 

Related Articles (GPC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
USNAInitiates Coverage On65.0
KBRReinstates30.0
TIFMaintains100.0
EOGMaintains102.0
FANGMaintains138.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Bank of America Reiterates Buy and PT of $53 on Citigroup

The Mobile Payment Provider You've Never Heard of that Ranks Higher than Square