Jefferies analyst David Kelley maintained a Hold rating on Gentex (GNTX) on January 31 and set a price target of $23. The company’s shares closed on Friday at $21.
Kelley commented:
“GNTX reported Q4 sales and EPS of $453M and $0.41, vs. our ests. of $482M and $0.43 while GNTX announced 2019 revenue and gross margin guidance below expectations. We expect continued EBIT choppiness in 1H’19 as lower yr/yr production, expected gross margin headwinds, and sustained R&D levels (to support growth initiatives) weigh on earnings. We lower our PT to $23 – maintain Hold.”
According to TipRanks.com, Kelley is a 3-star analyst with an average return of 7.2% and a 61.9% success rate. Kelley covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and BorgWarner.
Gentex has an analyst consensus of Strong Buy, with a price target consensus of $25.50.
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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 2.01M.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Wallace, a Director at GNTX sold 24,000 shares for a total of $513,360.
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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.