Shares of Genuine Parts Company (NYSE:GPC) traded today at $163.50, eclipsing its 52-week high. This new high was reached on below average trading volume as 109,000 shares traded hands, while the average 30-day volume is approximately 929,000 shares.
Over the past year, Genuine Parts Company has traded in a range of $115.63 to $163.50 and is now at $162.59, 41% above that low.
Based on a current price of $162.59, Genuine Parts Company is currently 21.7% above its average consensus analyst price target of $127.30.
Genuine Parts sells automotive parts (about two thirds of net sales) and industrial components. The company sells vehicle parts to commercial and retail customers through roughly 9,700 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and OEM clients.
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