Gentex Corp. PT Raised to $42.00 at Robert W. Baird (GNTX)
Stock analysts at Robert W. Baird boosted their target price on shares of Gentex Corp. (NASDAQ:GNTX) from $39.00 to $42.00 in a report issued on Thursday, AnalystRatings.NET reports. Robert W. Baird’s target price would indicate a potential upside of 28.40% from the stock’s previous close.
A number of other analysts have also recently weighed in on GNTX. Analysts at Ned Davis Research upgraded shares of Gentex Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.46.
Gentex Corp. (NASDAQ:GNTX) traded down 0.21% during mid-day trading on Thursday, hitting $32.71. 1,619,379 shares of the company’s stock traded hands. Gentex Corp. has a 1-year low of $18.36 and a 1-year high of $34.41. The stock has a 50-day moving average of $32.82 and a 200-day moving average of $27.60. The company has a market cap of $4.734 billion and a P/E ratio of 24.46.
Gentex Corp. (NASDAQ:GNTX) last released its earnings data on Wednesday, January 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.05. The company had revenue of $326.80 million for the quarter, compared to the consensus estimate of $319.70 million. During the same quarter last year, the company posted $0.28 earnings per share. Gentex Corp.’s revenue was up 25.5% compared to the same quarter last year. On average, analysts predict that Gentex Corp. will post $1.77 earnings per share for the current fiscal year.
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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