In a report released yesterday, Rich Kwas from Wells Fargo maintained a Buy rating on Gentex (GNTX). The company’s shares closed yesterday at $22.25.
According to TipRanks.com, Kwas is a 4-star analyst with an average return of 5.9% and a 58.8% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation Inc, and Magna International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gentex with a $26 average price target, implying a 16.9% upside from current levels. In a report issued on January 24, Longbow Research also reiterated a Buy rating on the stock with a $28 price target.
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The company has a one-year high of $25.41 and a one-year low of $17.80. Currently, Gentex has an average volume of 1.96M.
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Gentex Corp. engages in the design, development, and manufacture of electro-optical products for the automotive, commercial building, and aircraft industries. Its revenue is derived from the production and sales of automotive products in the United States, Germany, and Japan.
