Gentex Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:GNTX)
Gentex (NASDAQ:GNTX) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, American Banking News reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.71.
Gentex (NASDAQ:GNTX) traded down 0.71% during mid-day trading on Friday, hitting $29.21. The stock had a trading volume of 42,623 shares. Gentex has a 52 week low of $22.33 and a 52 week high of $34.41. The stock’s 50-day moving average is $29.14 and its 200-day moving average is $29.78. The company has a market cap of $4.271 billion and a price-to-earnings ratio of 15.82.
Separately, analysts at Wellington Shields raised their price target on shares of Gentex from $40.00 to $43.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock.
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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