Genuine Parts Stock Hits New 52-Week High (GPC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Genuine Parts Company (NYSE: GPC) hit a new 52-week high Tuesday as it is currently trading at $69.12, above its previous 52-week high of $69.01 with 45,272 shares traded as of 10:04 a.m. ET. Average volume has been 656,500 shares over the past 30 days.

Genuine Parts has a market cap of $10.69 billion and is part of the services sector and wholesale industry. Shares are up 8.4% year to date as of the close of trading on Monday.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Genuine Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts Ratings Report.

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