In a report released yesterday, David Leiker from Robert W. Baird maintained a Hold rating on Gentex (NASDAQ: GNTX), with a price target of $20. The company’s shares closed yesterday at $20.48.
According to TipRanks.com, Leiker is a 4-star analyst with an average return of 6.0% and a 55.4% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gentex with a $23.92 average price target, representing a 16.8% upside. In a report issued on October 19, Craig-Hallum also maintained a Hold rating on the stock with a $20 price target.
.
See today’s analyst top recommended stocks >>
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 $90.23 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
