Longbow Research analyst Anthony Deem reiterated a Buy rating on Gentex (GNTX) on January 24 and set a price target of $28. The company’s shares closed on Friday at $22.79.
According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -18.4% and a 24.2% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gentex with a $24 average price target, implying a 5.3% upside from current levels. In a report issued on January 10, B.Riley FBR also reiterated a Buy rating on the stock.
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Based on Gentex’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $111 million. In comparison, last year the company had a net profit of $130 million.
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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.
