Gentex (NASDAQ:GNTX) Price Target Lowered to $29.00 at UBS Group

Gentex (NASDAQ:GNTX - Get Free Report) had its target price dropped by analysts at UBS Group from $30.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. UBS Group's target price indicates a potential upside of 15.81% from the stock's current price.

GNTX has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price target on Gentex from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday. Robert W. Baird raised their price target on shares of Gentex from $35.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Bank of America decreased their price objective on shares of Gentex from $39.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Guggenheim cut their target price on shares of Gentex from $35.00 to $34.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. Finally, B. Riley reaffirmed a "buy" rating and set a $32.50 price target (down from $37.00) on shares of Gentex in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Gentex presently has a consensus rating of "Hold" and a consensus price target of $33.06.

Gentex Trading Down 1.0 %

Shares of NASDAQ GNTX traded down $0.26 on Monday, reaching $25.04. 2,192,342 shares of the company traded hands, compared to its average volume of 1,931,138. The company has a 50 day moving average of $28.61 and a 200 day moving average of $29.60. Gentex has a fifty-two week low of $24.57 and a fifty-two week high of $37.58. The stock has a market capitalization of $5.69 billion, a PE ratio of 14.23, a P/E/G ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.10). Gentex had a return on equity of 16.74% and a net margin of 17.49%. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, research analysts expect that Gentex will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Gentex

Several large investors have recently bought and sold shares of the stock. Lindenwold Advisors INC raised its holdings in shares of Gentex by 2.8% in the 3rd quarter. Lindenwold Advisors INC now owns 12,539 shares of the auto parts company's stock worth $372,000 after purchasing an additional 347 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Gentex by 5.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,446 shares of the auto parts company's stock valued at $221,000 after buying an additional 408 shares during the period. 180 Wealth Advisors LLC increased its stake in Gentex by 0.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 65,805 shares of the auto parts company's stock valued at $1,891,000 after buying an additional 437 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Gentex by 6.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,445 shares of the auto parts company's stock worth $214,000 after acquiring an additional 457 shares in the last quarter. Finally, Intellectus Partners LLC raised its stake in shares of Gentex by 6.1% during the 3rd quarter. Intellectus Partners LLC now owns 8,452 shares of the auto parts company's stock worth $251,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.