Gentex Corp. PT Raised to $27.00 at Jefferies Group (GNTX)
Equities research analysts at Jefferies Group boosted their target price on shares of Gentex Corp. (NASDAQ:GNTX) from $21.00 to $27.00 in a research note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential downside of 10.12% from the stock’s previous close.
Gentex Corp. (NASDAQ:GNTX) opened at 30.04 on Wednesday. Gentex Corp. has a 52 week low of $15.25 and a 52 week high of $25.40. The stock has a 50-day moving average of $23.19 and a 200-day moving average of $22.35. The company has a market cap of $4.334 billion and a price-to-earnings ratio of 24.29.
Gentex Corp. (NASDAQ:GNTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $288.60 million for the quarter, compared to the consensus estimate of $277.24 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Gentex Corp. will post $1.49 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 Wednesday. They now have a $31.20 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Gentex Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $36.00 price target on the stock, up previously from $20.00. Finally, analysts at Robert W. Baird upgraded shares of Gentex Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $39.00 price target on the stock, up previously from $27.00. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.03.
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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