Gentex (NASDAQ:GNTX) PT Raised to $35.00 at The Goldman Sachs Group

Gentex (NASDAQ:GNTXGet Free Report) had its price objective raised by stock analysts at The Goldman Sachs Group from $31.00 to $35.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 4.07% from the stock’s current price.

GNTX has been the topic of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Finally, B. Riley increased their price objective on shares of Gentex from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.80.

Read Our Latest Research Report on GNTX

Gentex Trading Down 0.2 %

GNTX opened at $33.63 on Monday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 18.28, a P/E/G ratio of 0.73 and a beta of 0.96. Gentex has a 12 month low of $25.77 and a 12 month high of $34.33. The firm’s fifty day simple moving average is $31.83 and its 200 day simple moving average is $31.69.

Gentex (NASDAQ:GNTXGet Free Report) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The firm had revenue of $589.13 million for the quarter, compared to analysts’ expectations of $563.42 million. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts predict that Gentex will post 2.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Gentex

A number of institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC lifted its position in shares of Gentex by 414.3% in the 1st quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 725 shares during the period. VisionPoint Advisory Group LLC lifted its position in shares of Gentex by 123.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 665 shares during the period. Quent Capital LLC lifted its position in shares of Gentex by 209.0% in the 3rd quarter. Quent Capital LLC now owns 1,749 shares of the auto parts company’s stock worth $57,000 after purchasing an additional 1,183 shares during the period. Covestor Ltd increased its stake in shares of Gentex by 79.2% in the 1st quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 834 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Gentex by 371.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 2,157 shares in the last quarter. Hedge funds and other institutional investors own 84.60% of the company’s stock.

Gentex Company Profile

(Get Free Report)

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.

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Analyst Recommendations for Gentex (NASDAQ:GNTX)

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