Gentex Received its Third Buy in a Row

By Austin Angelo

After Robert W. Baird and B.Riley FBR assigned a Buy rating to Gentex in the last month, the company received another Buy, this time from KeyBanc. Analyst Brett Hoselton reiterated a Buy rating on Gentex (NASDAQ: GNTX) yesterday and set a price target of $25. The company’s shares closed yesterday at $18.73.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 17.3% and a 65.4% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

Gentex has an analyst consensus of Strong Buy, with a price target consensus of $23.67.

Based on Gentex’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $439 million and quarterly net profit of $90.23 million. In comparison, last year the company earned revenue of $430 million and had a net profit of $92.06 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

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Gentex Corp. designs, develops, manufactures, and markets 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.