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

Gentex (NASDAQ:GNTX)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a note issued to investors on Monday,Benzinga reports. They presently have a $32.50 price target on the auto parts company’s stock, down from their prior price target of $37.00. B. Riley’s price target would suggest a potential upside of 25.39% from the stock’s current price.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. cut their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday. Guggenheim cut their price objective on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Robert W. Baird lifted their target price on shares of Gentex from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Bank of America lowered their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Gentex presently has an average rating of “Hold” and an average price target of $33.69.

Gentex Stock Performance

Gentex stock opened at $25.92 on Monday. Gentex has a fifty-two week low of $25.10 and a fifty-two week high of $37.58. The stock has a market cap of $5.89 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. The firm’s fifty day moving average price is $28.94 and its 200-day moving average price is $29.75.

Gentex (NASDAQ:GNTX) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period in the previous year, the company posted $0.50 EPS. On average, analysts predict that Gentex will post 2.1 earnings per share for the current year.

Institutional Trading of Gentex

Institutional investors have recently modified their holdings of the company. Creative Planning raised its position in Gentex by 4.1% during the 2nd quarter. Creative Planning now owns 60,685 shares of the auto parts company’s stock valued at $2,046,000 after purchasing an additional 2,393 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Gentex by 22.9% during the second quarter. Cetera Investment Advisers now owns 157,214 shares of the auto parts company’s stock valued at $5,300,000 after buying an additional 29,338 shares during the period. SG Americas Securities LLC raised its holdings in shares of Gentex by 212.4% during the third quarter. SG Americas Securities LLC now owns 31,632 shares of the auto parts company’s stock valued at $939,000 after acquiring an additional 21,508 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Gentex by 60.3% in the third quarter. Handelsbanken Fonder AB now owns 74,966 shares of the auto parts company’s stock worth $2,226,000 after acquiring an additional 28,200 shares during the period. Finally, Country Trust Bank boosted its holdings in Gentex by 3.0% in the third quarter. Country Trust Bank now owns 904,867 shares of the auto parts company’s stock valued at $26,866,000 after acquiring an additional 26,080 shares in the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Gentex Company Profile

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, Republic of Korea, 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.