Longbow Research Maintains a Hold Rating on Gentex (GNTX)

By Austin Angelo

In a report issued on June 28, Anthony Deem from Longbow Research maintained a Hold rating on Gentex (GNTXResearch Report). The company’s shares closed on Friday at $24.61, close to its 52-week high of $25.

According to TipRanks.com, Deem has 0 stars on 0-5 star ranking scale with an average return of -9.8% and a 29.7% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.

Currently, the analyst consensus on Gentex is a Moderate Buy with an average price target of $26.

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Based on Gentex’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $103 million. In comparison, last year the company had a net profit of $111 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2019, Gary Goode, a Director at GNTX sold 12,000 shares for a total of $278,400.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.