Gentex Corp. Stock Rating Upgraded by Ned Davis Research (GNTX)
Gentex Corp. (NASDAQ:GNTX) was upgraded by research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a report released on Tuesday, American Banking News reports.
A number of other firms have also recently commented 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Gentex Corp. presently has an average rating of “Hold” and a consensus price target of $30.03.
Shares of Gentex Corp. (NASDAQ:GNTX) traded down 0.72% during mid-day trading on Tuesday, hitting $33.30. The stock had a trading volume of 290,580 shares. Gentex Corp. has a 1-year low of $18.36 and a 1-year high of $34.15. The stock has a 50-day moving average of $31.93 and a 200-day moving average of $27.08. The company has a market cap of $4.820 billion and a P/E ratio of 25.03.
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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