Research Analysts’ Recent Ratings Changes for Gentex (GNTX)

Gentex (NASDAQ: GNTX) has recently received a number of price target changes and ratings updates:

  • 1/31/2018 – Gentex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Gentex Corporation (GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Gentex pioneered the electrochromic automatic-dimming mirror, which detects and eliminates dangerous rearview mirror glare, making nighttime safer for drivers around the world. Gentex mirrors are the optimal space in the vehicle for the placement of a broad array of electronic technology, and are lower in cost than designing electronics into the vehicle interior. Gentex has expanded its product line and business by creating interactive windows for use in commercial and business aircraft. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. “
  • 1/29/2018 – Gentex had its price target raised by analysts at B. Riley from $25.00 to $29.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Gentex had its price target raised by analysts at Craig Hallum from $18.00 to $23.00. They now have a “hold” rating on the stock.
  • 1/29/2018 – Gentex had its price target raised by analysts at BMO Capital Markets to $28.00. They now have an “outperform” rating on the stock.
  • 1/26/2018 – Gentex had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $23.00 price target on the stock.
  • 1/25/2018 – Gentex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gentex Corporation (GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Gentex pioneered the electrochromic automatic-dimming mirror, which detects and eliminates dangerous rearview mirror glare, making nighttime safer for drivers around the world. Gentex mirrors are the optimal space in the vehicle for the placement of a broad array of electronic technology, and are lower in cost than designing electronics into the vehicle interior. Gentex has expanded its product line and business by creating interactive windows for use in commercial and business aircraft. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. “
  • 1/24/2018 – Gentex had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $29.00 price target on the stock, up previously from $25.00.
  • 1/23/2018 – Gentex was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating.
  • 1/10/2018 – Gentex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Gentex Corporation (GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Gentex pioneered the electrochromic automatic-dimming mirror, which detects and eliminates dangerous rearview mirror glare, making nighttime safer for drivers around the world. Gentex mirrors are the optimal space in the vehicle for the placement of a broad array of electronic technology, and are lower in cost than designing electronics into the vehicle interior. Gentex has expanded its product line and business by creating interactive windows for use in commercial and business aircraft. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. “
  • 1/5/2018 – Gentex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gentex Corporation (GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market. Gentex pioneered the electrochromic automatic-dimming mirror, which detects and eliminates dangerous rearview mirror glare, making nighttime safer for drivers around the world. Gentex mirrors are the optimal space in the vehicle for the placement of a broad array of electronic technology, and are lower in cost than designing electronics into the vehicle interior. Gentex has expanded its product line and business by creating interactive windows for use in commercial and business aircraft. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. “
  • 1/5/2018 – Gentex is now covered by analysts at Longbow Research. They set a “buy” rating and a $25.00 price target on the stock.
  • 12/27/2017 – Gentex was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/26/2017 – Gentex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “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. It’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. Within this business segment, the Company also designs, develops and manufactures various electronics that are features to the interior and exterior automotive rearview mirrors, as well as interior visors, overhead consoles, and other locations in the vehicle. The Company ships its products to all of the automotive producing regions across the world, which it supports with various sales, engineering and distribution locations across the world. Gentex is headquartered in Zeeland, MI. “
  • 12/22/2017 – Gentex was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Gentex Co. (NASDAQ:GNTX) traded up $0.23 during trading on Monday, reaching $22.17. The company’s stock had a trading volume of 2,803,100 shares, compared to its average volume of 2,903,137. Gentex Co. has a 12-month low of $16.59 and a 12-month high of $24.07. The firm has a market capitalization of $6,294.13, a PE ratio of 15.72, a PEG ratio of 1.42 and a beta of 1.31.

Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, January 26th. The auto parts company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Gentex had a return on equity of 18.35% and a net margin of 22.66%. The company had revenue of $459.57 million for the quarter, compared to analyst estimates of $449.43 million. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts expect that Gentex Co. will post 1.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th were issued a $0.10 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. Gentex’s dividend payout ratio is presently 28.37%.

In other news, General Counsel Scott P. Ryan sold 7,220 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $23.66, for a total value of $170,825.20. Following the transaction, the general counsel now owns 21,329 shares in the company, valued at $504,644.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James H. Wallace sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total value of $280,800.00. Following the completion of the transaction, the director now owns 48,304 shares in the company, valued at approximately $1,130,313.60. The disclosure for this sale can be found here. Insiders sold 27,094 shares of company stock worth $635,877 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

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.

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