Shares of Gentex Co. (NASDAQ:GNTX) have been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $28.60.
Several equities analysts have recently commented on GNTX shares. ValuEngine upgraded Gentex from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Zacks Investment Research downgraded Gentex from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Thursday, October 17th. B. Riley upped their price objective on shares of Gentex from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. BidaskClub cut shares of Gentex from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Guggenheim set a $31.00 target price on shares of Gentex and gave the company a “buy” rating in a research report on Monday, October 21st.
In other news, CFO Kevin C. Nash sold 12,000 shares of Gentex stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $27.49, for a total value of $329,880.00. Following the transaction, the chief financial officer now owns 26,966 shares of the company’s stock, valued at approximately $741,295.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Mulder sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $28.08, for a total transaction of $140,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 42,914 shares of company stock worth $1,284,113 in the last ninety days. Insiders own 0.37% of the company’s stock.
NASDAQ:GNTX traded down $0.02 during midday trading on Friday, hitting $28.03. The stock had a trading volume of 88,128 shares, compared to its average volume of 1,228,673. The stock has a 50-day moving average of $28.34 and a 200 day moving average of $26.14. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 3.45 and a beta of 1.15. Gentex has a one year low of $19.24 and a one year high of $29.69.
Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, October 18th. The auto parts company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. Gentex had a return on equity of 22.87% and a net margin of 23.09%. The business had revenue of $477.76 million during the quarter, compared to analyst estimates of $475.59 million. During the same period in the previous year, the company posted $0.42 EPS. Gentex’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that Gentex will post 1.64 EPS for the current year.
Gentex Company Profile
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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