Gentex Corp. Downgraded by Ned Davis Research to Neutral (GNTX)
Gentex Corp. (NASDAQ:GNTX) was downgraded by research analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a report released on Monday, AnalystRatingsNetwork.com reports.
A number of other analysts have also recently weighed in on GNTX. Analysts at Guggenheim downgraded shares of Gentex Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 24th. They now have a $34.00 price target on the stock, up previously from $27.00. Separately, analysts at Jefferies Group raised their price target on shares of Gentex Corp. from $21.00 to $27.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Gentex Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $31.20 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.03.
Shares of Gentex Corp. (NASDAQ:GNTX) traded up 0.30% on Monday, hitting $33.43. 172,455 shares of the company’s stock traded hands. Gentex Corp. has a one year low of $18.36 and a one year high of $34.15. The stock has a 50-day moving average of $31.45 and a 200-day moving average of $26.71. The company has a market cap of $4.838 billion and a P/E ratio of 24.87.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 17th. Stockholders of record on Monday, January 6th will be paid a dividend of 0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, January 2nd.
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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