Stock analysts at Longbow Research initiated coverage on shares of Gentex (NASDAQ:GNTX) in a note issued to investors on Friday, January 5th, Marketbeat reports. The brokerage set a “buy” rating and a $25.00 price target on the auto parts company’s stock. Longbow Research’s target price would suggest a potential upside of 8.70% from the company’s previous close.
Several other analysts have also recently issued reports on the company. Robert W. Baird dropped their target price on Gentex from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, October 23rd. Zacks Investment Research raised Gentex from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, October 17th. FBR & Co reaffirmed a “buy” rating and set a $25.00 target price on shares of Gentex in a research report on Wednesday, October 18th. BidaskClub raised Gentex from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $25.00 target price on shares of Gentex in a research report on Sunday, October 15th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.69.
Shares of Gentex (NASDAQ:GNTX) traded up $0.34 during midday trading on Friday, hitting $23.00. The stock had a trading volume of 2,480,504 shares, compared to its average volume of 1,880,601. The stock has a market capitalization of $6,433.24, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. Gentex has a 12-month low of $16.59 and a 12-month high of $23.14.
Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, October 20th. The auto parts company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $438.63 million for the quarter, compared to the consensus estimate of $452.42 million. Gentex had a return on equity of 18.45% and a net margin of 20.80%. Gentex’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. research analysts expect that Gentex will post 1.28 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Gentex by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,293 shares of the auto parts company’s stock valued at $100,000 after buying an additional 368 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Gentex during the 3rd quarter valued at about $105,000. Ffcm LLC purchased a new position in shares of Gentex during the 3rd quarter valued at about $174,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Gentex during the 2nd quarter valued at about $194,000. Finally, Verition Fund Management LLC purchased a new position in shares of Gentex during the 2nd quarter valued at about $195,000. Institutional investors own 81.72% of the company’s stock.
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Gentex Company Profile
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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