Notable Analyst Coverage Update: Martin Marietta Materials, Inc. (NYSE:MLM), Genuine Parts Company (NYSE:GPC)

Martin Marietta Materials, Inc. (NYSE:MLM) Detailed Analyst Recommendation

There are a handful of analysts covering the stock. Of them, 2 have a “buy”, 0 suggested “sell”, 8 said “hold” and 0 called “underperform” rating for the stock, according to Thomson Reuters data. 4 recommends the stock is “outperforming”. The company has an Average Rating of 2.43 based on analysts tracked by Thomson Reuters.

Martin Marietta Materials, Inc. (NYSE:MLM) made a -0.46% move from the market’s previous close, putting the price on the $220.39 per share as of 12/16/2016. The total volume of shares traded was below their three months average volume of 898,140 shares. The firm maintains a P/E ratio of 34.66 in 12 months. Martin Marietta Materials, Inc. consensus analyst price target has now moved to $-. On a given day, the intraday low was $219.97. That means the share price went down -6.60% from its 52-week low and trades up 105.33% versus the highest price the stock has traded at during the previous year. It shifted up 18.61% versus its 200 day moving average. The current price escalated 8.48% from the average market prices over a 50-day period.

Genuine Parts Company recently traded 4.01% above its 50-day simple moving average and went up 1.46% from its 200-day simple moving average. The debt-to-equity ratio (D/E) remains 0.23. The institutional ownership stake in the corporation is 72.90% while the Beta value stands at 0.93. Its RSI (Relative Strength Index) reached 57.32.

On 12/16/2016, Genuine Parts Company (NYSE:GPC) ended trading lower at $97.98 with -0.17%. The firm exchanged hands at a volume of 762,905 whereas, the average volume was 725.94K shares. In the past 52 weeks, the share price moved between $74.45 and $104.57. The market cap landed at $14.61B. After the day began at $98.40, the stock was seen hitting $99.12 as its intraday high price and $97.64 as its bottom price. The prior close was recorded at $98.15.

Genuine Parts Company (NYSE:GPC) Analyst Research Coverage

A number of Wall Street analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 1 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 10 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 2 analysts and ‘Overweight’ recommendation was issued by 0 analysts. The company has an Average Rating of 3.00 based on Thomson Reuters I/B/E/S scale of 1-5.

Noteworthy Analyst Assessments of 2 Stocks: Genuine Parts Company (NYSE:GPC), Stone Energy Corporation (NYSE:SGY)

Genuine Parts Company (NYSE:GPC) Detailed Analyst Recommendation

There are a handful of analysts covering the stock. Of them, 1 have a “buy”, 0 suggested “sell”, 9 said “hold” and 2 called “underperform” rating for the stock, according to Thomson Reuters data. 0 recommends the stock is “outperforming”. The company has an Average Rating of 3.00 based on analysts tracked by Thomson Reuters.

Genuine Parts Company (NYSE:GPC) made a -0.22% move from the market’s previous close, putting the price on the $98.63 per share as of 12/09/2016. The total volume of shares traded was above their three months average volume of 733,640 shares. The firm maintains a P/E ratio of 21.27 in 12 months. Genuine Parts Company consensus analyst price target has now moved to $94.63. On a given day, the intraday low was $97.90. That means the share price went down -5.68% from its 52-week low and trades up 32.48% versus the highest price the stock has traded at during the previous year. It shifted up 2.36% versus its 200 day moving average. The current price escalated 4.68% from the average market prices over a 50-day period.

Stone Energy Corporation recently traded -2.12% below its 50-day simple moving average and went down -32.63% from its 200-day simple moving average. The institutional ownership stake in the corporation is 31.80% while the Beta value stands at 1.50. Its RSI (Relative Strength Index) reached 53.92.

On 12/09/2016, Stone Energy Corporation (NYSE:SGY) ended trading lower at $6.76 with -3.43%. The firm exchanged hands at a volume of 746,674 whereas, the average volume was 907.71K shares. In the past 52 weeks, the share price moved between $2.70 and $55.90. The market cap landed at $34.88M. After the day began at $6.99, the stock was seen hitting $7.11 as its intraday high price and $6.57 as its bottom price. The prior close was recorded at $7.00.

Stone Energy Corporation (NYSE:SGY) Analyst Research Coverage

A number of Wall Street analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 0 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 5 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 2 analysts and ‘Overweight’ recommendation was issued by 0 analysts. The company has an Average Rating of 3.29 based on Thomson Reuters I/B/E/S scale of 1-5.

Notable Analyst Coverage: Genuine Parts Company (NYSE:GPC), Veeva Systems Inc (NYSE:VEEV)

Genuine Parts Company (NYSE:GPC) made a +1.20% move from the market’s previous close, putting the price on the $94.62 per share as of 11/11/2016. The total volume of shares traded was above their three months average volume of 695,534 shares. The firm maintains a P/E ratio of 4.64 in 12 months. Genuine Parts Company consensus analyst price target has now moved to $94.63. On a given day, the intraday low was $93.13. That means the share price went down -10.13% from its 52-week low and trades up 26.24% versus the highest price the stock has traded at during the previous year. It shifted down -1.45% versus its 200 day moving average of $98.12. The current price dropped -1.30% from the average market prices over a 50-day period.

Genuine Parts Company (NYSE:GPC) Detailed Analyst Recommendation

There are a handful of analysts covering the stock. Of them, 1 have a “buy”, 0 suggested “sell”, 9 said “hold” and 2 called “underperform” rating for the stock, according to Thomson Reuters data. 0 recommends the stock is “outperforming”. The company has an Average Rating of 3.00 based on analysts tracked by Thomson Reuters.

On 11/11/2016, Veeva Systems Inc (NYSE:VEEV) ended trading higher at $39.61 with +0.69%. The firm exchanged hands at a volume of 821,255 whereas, the average volume was 1,290,160 shares. In the past 52 weeks, the share price moved between $19.97 and $ 42.58. The market cap landed at $5.46B. After the day began at $39.26, the stock was seen hitting $39.82 as its intraday high price and $39.10 as its bottom price. The prior close was recorded at $39.34.

Veeva Systems Inc recently traded -0.06% below its 50-day simple moving average of $39.17 and went up 21.07% from its 200-day simple moving average of $36.20. The debt-to-equity ratio (D/E) remains 0.00. The institutional ownership stake in the corporation is 89.40% while the Beta value stands at -. Its RSI (Relative Strength Index) reached 56.01.

Veeva Systems Inc (NYSE:VEEV) Analyst Research Coverage

A number of Wall Street analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 3 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 6 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 0 analysts and ‘Overweight’ recommendation was issued by 5 analysts. The company has an Average Rating of 2.21 based on Thomson Reuters I/B/E/S scale of 1-5.

Stocks Worth Mentioning Ratings-Wise: Zimmer Biomet Holdings, Inc. (NYSE:ZBH), Genuine Parts Company (NYSE:GPC)

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) made a 0.37% move from the market’s previous close, putting the price on the $127.99 per share as of 10/24/2016. The total volume of shares traded was below their three months average volume of 1,200,000 shares. The firm maintains a P/E ratio of 115.10 in 12 months. Zimmer Biomet Holdings, Inc. consensus analyst price target has now moved to $140.85. On a given day, the intraday low was $127.71 . That means the share price went down -3.92% from its 52-week low and trades up 45.91% versus the highest price the stock has traded at during the previous year. It shifted up 10.69% versus its 200 day moving average. The current price dropped -0.02% from the average market prices over a 50-day period.

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) Detailed Analyst Recommendation

There are a handful of analysts covering the stock. Of them, 10 have a “buy”, 1 suggested “sell”, 7 said “hold” and 0 called “underperform” rating for the stock, according to Thomson Reuters data. 9 recommends the stock is “outperforming”. The company has an Average Rating of 2.00 based on analysts tracked by Thomson Reuters.

On 10/24/2016, Genuine Parts Company (NYSE:GPC) ended trading higher at $91.02 with 0.47% . The firm exchanged hands at a volume of 784,133 whereas, the average volume was 639.06K shares. In the past 52 weeks, the share price moved between $74.95 and $105.28. The market cap landed at $13.39B. After the day began at $91.15, the stock was seen hitting $91.86 as its intraday high price and $90.75 as its bottom price. The prior close was recorded at $90.59.

Genuine Parts Company recently traded -8.51% below its 50-day simple moving average and went down -4.38% from its 200-day simple moving average. The debt-to-equity ratio (D/E) remains 0.23. The institutional ownership stake in the corporation is 74.00% while the Beta value stands at 0.91. Its RSI (Relative Strength Index) reached 29.30.

Genuine Parts Company (NYSE:GPC) Analyst Research Coverage

A number of Wall Street analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 1 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 9 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 2 analysts and ‘Overweight’ recommendation was issued by 0 analysts. The company has an Average Rating of 3.00 based on Thomson Reuters I/B/E/S scale of 1-5.

Analyst Ratings Worth Mentioning Today: Genuine Parts Company (NYSE:GPC), WestRock Company (NYSE:WRK)

Genuine Parts Company (NYSE:GPC) made a -2.83% move from the market’s previous close, putting the price on the $89.51 per share as of 10/20/2016. The total volume of shares traded was above their three months average volume of 630,589 shares. The firm maintains a P/E ratio of 4.64 in 12 months. Genuine Parts Company consensus analyst price target has now moved to $99.33. On a given day, the intraday low was $88.81. That means the share price went down -14.98% from its 52-week low and trades up 19.42% versus the highest price the stock has traded at during the previous year. It shifted down -5.87% versus its 200 day moving average of $98.98. The current price dropped -10.42% from the average market prices over a 50-day period.

Genuine Parts Company (NYSE:GPC) Detailed Analyst Recommendation

There are a handful of analysts covering the stock. Of them, 1 have a “buy”, 0 suggested “sell”, 9 said “hold” and 2 called “underperform” rating for the stock, according to Thomson Reuters data. 0 recommends the stock is “outperforming”. The company has an Average Rating of 3.00 based on analysts tracked by Thomson Reuters.

On 10/20/2016, WestRock Company (NYSE:WRK) ended trading lower at $46.91 with -3.58%. The firm exchanged hands at a volume of 1,879,263 whereas, the average volume was 1,793,620 shares. In the past 52 weeks, the share price moved between $29.20 and $ 52.90. The market cap landed at $11.85B. After the day began at $48.29, the stock was seen hitting $48.30 as its intraday high price and $46.55 as its bottom price. The prior close was recorded at $48.65.

WestRock Company recently traded -0.03% below its 50-day simple moving average of $47.44 and went up 17.00% from its 200-day simple moving average of $42.55. The debt-to-equity ratio (D/E) remains 0.59. The institutional ownership stake in the corporation is 92.50% while the Beta value stands at -. Its RSI (Relative Strength Index) reached 50.18.

WestRock Company (NYSE:WRK) Analyst Research Coverage

A number of Wall Street analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 5 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 8 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 1 analysts and ‘Overweight’ recommendation was issued by 3 analysts. The company has an Average Rating of 2.29 based on Thomson Reuters I/B/E/S scale of 1-5.

Analyst Ratings Summary To Observe: General Electric Company (NYSE:GE), Genuine Parts Company (NYSE:GPC)

General Electric Company (NYSE:GE) remained bullish with an increase +0.95% putting the price on the $29.75 per share in last trading session ended on 9/15/2016. The stock recent traded volume was higher as compared with its average volume of 34917600 shares. The corporation has an earnings per share (EPS) ratio of 1.06. For the next twelve months, the average of individual price target estimates submitted by covering sell-side analysts is $33.71. The company traded as low as $29.42 on the day. The latest trading activity showed that the General Electric Co price went down -9.85% from its 52-week low and trades up 25.48% versus its 52-week high. It shifted down -1.42% in contrast to its 200 day moving average of $30.84. The current price dropped -5.42% from its SMA 50 of $31.05.

General Electric Company (NYSE:GE) Detailed Analyst Recommendation

A number of Reuters analysts recently commented on the stock. Currently the company has earned ‘Buy’ from 6 equity analysts. 0 analysts hold ‘Sell’ rating for the stock. 8 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 1 analyst and ‘Outperform’ recommendation was issued by 3 analyst. The company has an Average Rating of 2.22 based on analysts tracked by Thomson Reuters.

On 9/15/2016, Genuine Parts Company (NYSE:GPC) completed business day higher at $96.89 with +0.16%. The firm exchanged hands at a volume of 1028750. In contrast, the average volume was 653083 shares. In the past 52 weeks, the equity’s price traded between $74.95 and $ 105.28. The stock has market worth of $14.83B. After the day began at $96.41, the company was seen hitting $97.07 as its intraday high price and $96.23 as its bottom price. The prior close of the stock price is recorded at $96.74.

Genuine Parts Co has moved -4.39% below its 50-day simple moving average of $101.62 and went up 3.73% from its 200-day simple moving average of $98.60. The debt-to-equity ratio (D/E) was recorded at 0.24. The institutional ownership stake in the corporation is 74.00% while the Beta value stands at 0.92. Its RSI (Relative Strength Index) reached 35.81.

Genuine Parts Company (NYSE:GPC) Analyst Research Coverage

A number of Wall Street analysts stated their opinion on the stock. Currently the company has earned ‘Buy’ from 1 equity analysts. 0 analysts assign ‘Sell’ rating for the stock. 9 analysts have suggested the company is a ‘Hold’. ‘Underperform’ verdict was shared by 2 analyst and ‘Overweight’ recommendation was issued by 0 analyst. The company has an Average Rating of 3.00 based on Thomson Reuters I/B/E/S scale of 1-5.

Analysts Downgrades Report: Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) received a stock rating downgrade from Jefferies on Jul-15-16. In a note to investors, the firm issued a Hold rating. The analysts previously had a Buy rating on the stock.

The 52-week price range is $75.44-$105.97 and the company has a market capitalization of $15.54 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 6 has assigned a hold rating, 0 says it’s a buy, and 2 have assigned a strong buy rating to the company.

Genuine Parts Company (GPC) on June 21, 2016 announced that it has entered into two definitive agreements.

The Company has entered into definitive agreements to acquire Auto-Camping, Ltd. and select assets within the Janitorial and Sanitation (“Jan/San”) business of Rochester Midland Corporation.  These two businesses combine to generate approximately $70 million in annual revenues, and both agreements are expected to close on July 1, 2016, subject to satisfaction of customary closing conditions.

Auto-Camping, with 20 locations across Canada, is a leading distributor of original equipment import parts in Canada.  Auto-Camping specializes in original equipment automotive parts for European vehicles and sells to foreign repair specialists as well as original equipment dealers.  The addition of Auto-Camping is expected to generate annual revenues of approximately $50 million (USD).

The Jan/San business supplies a variety of Janitorial and Sanitation accessories to more than 400 distributors primarily in North America.  The Company plans to integrate this business into the Impact Products division of S.P. Richards and its growing Facilities and Breakroom Supplies product offering.  This business is expected to generate incremental annual revenues of approximately $20 million.

Paul Donahue, President and Chief Executive Officer of Genuine Parts Company, stated, “The purchase of these two businesses represents our ongoing commitment to accretive growth through targeted acquisitions.  The purchase of Auto-Camping complements our Olympus Import Parts acquisition in the first quarter of 2016 and further expands our product offering and distribution capabilities in the fast growing import parts sector of the aftermarket.  Our Jan/San investment supports our diversification strategy and growth initiatives at S.P. Richards. We are pleased to add both businesses to the GPC family and we look forward to their future contributions to the growth of the Company.”

Why Genuine Parts Company (NYSE:GPC) got downgraded?

Genuine Parts Company (NYSE:GPC) received a stock rating downgrade from Gabelli & Co on Jul-14-16. In a note to investors, the firm issued a Hold rating. The analysts previously had a Buy rating on the stock.

The 52-week price range is $75.44-$105.97 and the company has a market capitalization of $15.23 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 5 has assigned a hold rating, 0 says it’s a buy, and 3 have assigned a strong buy rating to the company.

Genuine Parts Company (GPC) on July 5, 2016 announced that it has filed its Offering Memorandum to issue up to Ten Million Dollars (“$10,000,000.00”) CDN principal amount of Convertible Notes through a private offering to both Accredited and Sophisticated Investors.

The Notes have a maturity date of 36 months from the date of issuance, and accrue interest at the rate of 8% per annum, calculated and paid quarterly in arrears. The outstanding principal amount of the Notes is convertible into the Corporation’s “Series A” Preferred Shares at a price of $10.00 per Preferred Share at any time, and from time to time, at the option of the holder in accordance with the terms and conditions set out in the Subscription Agreement and the certificate representing the Notes (the “Conversion Right”).

The Notes will be unsecured obligations of the Corporation. The Notes will rank equally with all other existing and future unsecured obligations of the Corporation. The Notes will be effectively subordinated to any existing and future secured obligations of the Corporation, to the extent of the value of the collateral securing such obligations.

The Corporation will have the option to prepay all or any portion of the outstanding principal amount of the Notes (the “Prepayment Option”) upon delivery of notice (a “Prepayment Notice”) to the holder thereof. A holder shall have a period of 10 business days from the date of delivery of a Prepayment Notice to indicate its intention to exercise the Conversion Right by delivering notice (a “Conversion Notice”) to the Corporation. If no Conversion Notice is delivered to the Corporation within such 10 business day period, a holder shall be deemed to have accepted prepayment as set out in the Prepayment Notice. The Notes are not listed on any stock exchange.

The Corporation also announced that it has closed the first tranche of its non-brokered private placement raise which was announced on July 4th, 2016. In total, Sixty-Five Thousand, Five Hundred Dollars (“$65,500.00”) CDN was raised via the sale of via the sale of Six Thousand, Five Hundred and Fifty (“6,650”) Series “A” Preferred Shares at $10.00 per share. No commission or finder’s fee is payable with respect to the closing of this tranche of the placement.