Gentex Receives Average Recommendation of “Buy” from Analysts (NASDAQ:GNTX)
Shares of Gentex (NASDAQ:GNTX) have been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the company, AmericanBankingNews.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.71.
Shares of Gentex (NASDAQ:GNTX) opened at 29.49 on Friday. Gentex has a 52 week low of $22.33 and a 52 week high of $34.41. The stock has a 50-day moving average of $29.13 and a 200-day moving average of $29.74. The company has a market cap of $4.312 billion and a P/E ratio of 15.71.
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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