Gentex (NASDAQ:GNTX) had its price target increased by BMO Capital Markets to $28.00 in a research note issued on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the auto parts company’s stock. BMO Capital Markets’ price target points to a potential upside of 17.99% from the stock’s current price.
Several other research firms also recently commented on GNTX. Robert W. Baird restated a “hold” rating and issued a $23.00 price target on shares of Gentex in a research note on Friday. Zacks Investment Research downgraded shares of Gentex from a “buy” rating to a “hold” rating in a research note on Thursday. B. Riley restated a “buy” rating and issued a $29.00 price target (up previously from $25.00) on shares of Gentex in a research note on Wednesday, January 24th. Longbow Research began coverage on shares of Gentex in a research note on Friday, January 5th. They issued a “buy” rating and a $25.00 price target for the company. Finally, ValuEngine upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Four 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. The company presently has a consensus rating of “Buy” and an average price target of $24.28.
Gentex (NASDAQ GNTX) traded down $0.06 during trading hours on Monday, hitting $23.73. 1,042,937 shares of the company’s stock traded hands, compared to its average volume of 2,690,103. The firm has a market capitalization of $6,754.05, a P/E ratio of 16.76, 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.
Several hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Gentex during the third quarter worth approximately $105,000. Ffcm LLC acquired a new stake in shares of Gentex in the third quarter valued at approximately $174,000. Verition Fund Management LLC acquired a new stake in shares of Gentex in the second quarter valued at approximately $195,000. Hikari Power Ltd acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $203,000. Finally, Columbia Asset Management acquired a new stake in shares of Gentex in the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 81.80% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Gentex (GNTX) PT Raised to $28.00” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/29/gentex-gntx-pt-raised-to-28-00.html.
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.
Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter.