B. Riley Issues Pessimistic Forecast for Gentex (NASDAQ:GNTX) Stock Price

Gentex (NASDAQ:GNTX) had its target price cut by equities researchers at B. Riley from $32.00 to $28.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. B. Riley’s price objective would indicate a potential upside of 17.06% from the stock’s previous close.

GNTX has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on shares of Gentex from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. The Goldman Sachs Group set a $27.00 target price on Gentex and gave the stock a “neutral” rating in a report on Monday, October 27th. UBS Group restated a “neutral” rating and issued a $29.00 target price (up from $28.00) on shares of Gentex in a research report on Monday, October 6th. Robert W. Baird set a $26.00 price target on Gentex in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Gentex in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.71.

Gentex Stock Performance

Shares of GNTX stock opened at $23.92 on Monday. Gentex has a 1 year low of $20.28 and a 1 year high of $29.38. The firm has a market capitalization of $5.24 billion, a PE ratio of 13.75 and a beta of 0.78. The stock has a fifty day moving average of $23.60 and a two-hundred day moving average of $25.29.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 30th. The auto parts company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The business had revenue of $644.40 million for the quarter, compared to analysts’ expectations of $650.90 million. Gentex had a net margin of 15.19% and a return on equity of 16.05%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. Equities research analysts predict that Gentex will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Gentex

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of Gentex by 5.1% in the third quarter. CWM LLC now owns 9,648 shares of the auto parts company’s stock worth $273,000 after buying an additional 467 shares during the period. Arizona State Retirement System raised its holdings in shares of Gentex by 0.7% during the third quarter. Arizona State Retirement System now owns 66,519 shares of the auto parts company’s stock valued at $1,882,000 after acquiring an additional 487 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Gentex by 4.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,025 shares of the auto parts company’s stock valued at $286,000 after acquiring an additional 562 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Gentex by 0.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 139,315 shares of the auto parts company’s stock worth $3,064,000 after purchasing an additional 614 shares during the period. Finally, Steph & Co. boosted its stake in Gentex by 30.5% in the 3rd quarter. Steph & Co. now owns 2,684 shares of the auto parts company’s stock worth $76,000 after purchasing an additional 627 shares during the period. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).