Goldman Sachs analyst Mark Delaney maintained a Hold rating on Gentex (GNTX – Research Report) yesterday. The company’s shares closed last Friday at $32.89.
Delaney covers the Technology sector, focusing on stocks such as Tesla, Flex, and Jabil. According to TipRanks, Delaney has an average return of 12.7% and a 59.19% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Gentex with a $29.33 average price target, a -10.82% downside from current levels. In a report released on July 20, J.P. Morgan also maintained a Hold rating on the stock with a $30.00 price target.
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Based on Gentex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $550.76 million and a net profit of $97.58 million. In comparison, last year the company earned a revenue of $419.84 million and had a net profit of $84.18 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GNTX in relation to earlier this year.
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Gentex Corp. engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products, Its revenue is derived from the production and sales of automotive products in the United States, Germany, and Japan. Its products include automatic-dimming rearview mirrors, dimmable aircraft windows, and commercial smoke alarms and signaling devices. The company was founded by Fred Bauer in 1974 and is headquartered in Zeeland, MI.
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