In a report released today, Mark Delaney from Goldman Sachs maintained a Hold rating on Gentex (GNTX – Research Report). The company’s shares closed today at $34.71.
According to TipRanks, Delaney is a 5-star analyst with an average return of 17.9% and a 60.29% success rate. Delaney covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Ford Motor, and Rivian Automotive.
Gentex has an analyst consensus of Moderate Buy, with a price target consensus of $40.20.
Based on Gentex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $575.85 million and a net profit of $104.73 million. In comparison, last year the company earned a revenue of $493.64 million and had a net profit of $72.66 million
Based on the recent corporate insider activity of 35 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. Most recently, in February 2024, Gary Goode, a Director at GNTX sold 7,000.00 shares for a total of $245,070.00.
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Gentex (GNTX) Company Description:
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.
