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Genuine Parts Company (GPC) Touches $91.48 Formed H&S; Shorts at Neovasc (NVCN) Lowered By 9%

Neovasc Incorporated (NASDAQ:NVCN) had a decrease of 9% in short interest. NVCN’s SI was 1.40 million shares in December as released by FINRA. Its down 9% from 1.54 million shares previously. With 97,800 avg volume, 14 days are for Neovasc Incorporated (NASDAQ:NVCN)’s short sellers to cover NVCN’s short positions. The SI to Neovasc Incorporated’s float is 2.43%. The stock decreased 5.50% or $0.036 during the last trading session, reaching $0.613. About 356,493 shares traded. Neovasc Inc. (NASDAQ:NVCN) has declined 19.02% since December 15, 2016 and is downtrending. It has underperformed by 35.72% the S&P500.

Genuine Parts Company (GPC) formed inverse H&S with $96.05 target or 5.00% above today’s $91.48 share price. Genuine Parts Company (GPC) has $13.41B valuation. The stock decreased 1.91% or $1.78 during the last trading session, reaching $91.48. About 763,514 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since December 15, 2016 and is downtrending. It has underperformed by 18.15% the S&P500.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. They expect $1.07 EPS, up 4.90% or $0.05 from last year’s $1.02 per share. GPC’s profit will be $156.87M for 21.37 P/E if the $1.07 EPS becomes a reality. After $1.16 actual EPS reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -7.76% negative EPS growth.

Investors sentiment increased to 0.96 in Q2 2017. Its up 0.06, from 0.9 in 2017Q1. It is positive, as 53 investors sold Genuine Parts Company shares while 206 reduced holdings. 40 funds opened positions while 194 raised stakes. 106.82 million shares or 1.53% more from 105.21 million shares in 2017Q1 were reported. Bessemer Group invested in 0% or 555 shares. Goldman Sachs Group reported 891,885 shares stake. Verity Verity Llc reported 46,276 shares. 17,392 were accumulated by Stephens Ar. Gemmer Asset Management Limited Liability Corp stated it has 231 shares. Cypress Capital Ltd Com (Wy) reported 300 shares. Nomura Asset Company Ltd stated it has 0.02% in Genuine Parts Company (NYSE:GPC). Howland Mgmt Ltd Liability Co has 3,300 shares for 0.03% of their portfolio. Boston Family Office Limited Liability Com holds 0.11% or 10,166 shares. Eads & Heald Investment Counsel holds 13,674 shares or 0.81% of its portfolio. Opus Inv Management has invested 0.21% of its portfolio in Genuine Parts Company (NYSE:GPC). Capital Invest Advsr Lc, Georgia-based fund reported 14,908 shares. Pathstone Family Office Lc invested 0.49% of its portfolio in Genuine Parts Company (NYSE:GPC). Andra Ap holds 58,800 shares or 0.13% of its portfolio. Advisory Svcs Net Ltd Llc holds 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC) for 3,943 shares.

Among 12 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 3 Sell and 7 Hold. Therefore 17% are positive. Genuine Parts Company has $102 highest and $85.0 lowest target. $95.50’s average target is 4.39% above currents $91.48 stock price. Genuine Parts Company had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to “Neutral” on Thursday, January 19. RBC Capital Markets maintained it with “Sector Perform” rating and $96 target in Thursday, April 20 report. The stock of Genuine Parts Company (NYSE:GPC) has “Buy” rating given on Tuesday, October 20 by Gabelli. The stock of Genuine Parts Company (NYSE:GPC) earned “Hold” rating by BB&T Capital on Thursday, October 15. The rating was maintained by Wedbush on Thursday, October 20 with “Neutral”. The firm earned “Sector Perform” rating on Tuesday, July 21 by RBC Capital Markets. The stock of Genuine Parts Company (NYSE:GPC) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 20. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Wednesday, December 14 by Atlantic Securities. The rating was maintained by RBC Capital Markets with “Hold” on Friday, November 10. Gabellu & Co. downgraded Genuine Parts Company (NYSE:GPC) on Thursday, July 14 to “Hold” rating.

Among 2 analysts covering Neovasc (NASDAQ:NVCN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Neovasc had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Neovasc Inc. (NASDAQ:NVCN) earned “Buy” rating by Ladenburg Thalmann on Thursday, December 10. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. On Tuesday, August 25 the stock rating was maintained by Canaccord Genuity with “Buy”. Ladenburg Thalmann downgraded the shares of NVCN in report on Friday, May 20 to “Neutral” rating. The stock has “Hold” rating by Zacks on Wednesday, August 26. As per Wednesday, October 7, the company rating was initiated by JMP Securities.

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