Gentex’s (GNTX) “Buy” Rating Reaffirmed at B. Riley

Gentex (NASDAQ:GNTX)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued on Wednesday. They presently have a $29.00 price objective on the auto parts company’s stock, up from their prior price objective of $25.00. B. Riley’s target price points to a potential upside of 21.90% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on GNTX. Robert W. Baird cut Gentex from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Gentex from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, January 10th. KeyCorp restated a “buy” rating and issued a $25.00 price target on shares of Gentex in a report on Sunday, October 15th. Longbow Research assumed coverage on Gentex in a report on Friday, January 5th. They issued a “buy” rating and a $25.00 price target for the company. Finally, ValuEngine upgraded Gentex from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Gentex has an average rating of “Buy” and an average price target of $23.17.

Gentex (NASDAQ GNTX) opened at $23.79 on Wednesday. The firm has a market capitalization of $6,754.05, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. Gentex has a fifty-two week low of $16.59 and a fifty-two week high of $24.07.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $459.57 million during the quarter, compared to analysts’ expectations of $449.43 million. Gentex had a return on equity of 18.35% and a net margin of 22.66%. Gentex’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. analysts forecast that Gentex will post 1.45 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC boosted its stake in shares of Gentex by 20.1% during the 2nd quarter. ETRADE Capital Management LLC now owns 15,365 shares of the auto parts company’s stock valued at $291,000 after buying an additional 2,576 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Gentex by 13.3% during the 3rd quarter. Alps Advisors Inc. now owns 24,856 shares of the auto parts company’s stock valued at $492,000 after buying an additional 2,911 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Gentex by 10.4% during the 2nd quarter. D.A. Davidson & CO. now owns 31,031 shares of the auto parts company’s stock valued at $588,000 after buying an additional 2,917 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Gentex by 12.4% during the 3rd quarter. Cardinal Capital Management now owns 29,466 shares of the auto parts company’s stock valued at $583,000 after buying an additional 3,257 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its stake in shares of Gentex by 0.6% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 562,362 shares of the auto parts company’s stock valued at $11,135,000 after buying an additional 3,541 shares during the last quarter. Institutional investors own 81.80% of the company’s stock.

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Gentex Company Profile

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.

Analyst Recommendations for Gentex (NASDAQ:GNTX)

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