Gentex Corp. Lowered to “Sell” at Thomson Reuters/Verus (GNTX)
Gentex Corp. (NASDAQ:GNTX) was downgraded by analysts at Thomson Reuters/Verus from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, Analyst RN reports.
Shares of Gentex Corp. (NASDAQ:GNTX) traded down 0.80% on Monday, hitting $25.92. The stock had a trading volume of 131,757 shares. Gentex Corp. has a 1-year low of $15.25 and a 1-year high of $26.25. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $23.22. The company has a market cap of $3.739 billion and a price-to-earnings ratio of 20.90.
Gentex Corp. (NASDAQ:GNTX) last released its earnings data on Wednesday, July 24th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $287.00 million for the quarter, compared to the consensus estimate of $274.52 million. During the same quarter last year, the company posted $0.28 earnings per share. Gentex Corp.’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Gentex Corp. will post $1.34 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Gentex Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $25.80 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Gentex Corp. from $26.00 to $27.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Gentex Corp. from $22.00 to $21.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.97.
Gentex Corporation is a supplier of automatic-dimming (NASDAQ:GNTX) rear-view mirrors and camera-based lighting-assist features to the global automotive industry.
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