Short Term Price Target on Gentex Corporation (GNTX)

Gentex Corporation (NASDAQ:GNTX) : Average target price received by Gentex Corporation (NASDAQ:GNTX) is $16.86 with an expected standard deviation of $4.18. The most aggressive target on the stock is $21, whereas the most downbeat target is $11. 7 financial analysts are currently covering the stock.

Gentex Corp. has lost 5.16% in the last five trading days and dropped 5.04% in the last 4 weeks. Gentex Corp. is up 0.5% in the last 3-month period. Year-to-Date the stock performance stands at -2.43%.

Gentex Corporation (NASDAQ:GNTX) : 8 analysts are covering Gentex Corporation (NASDAQ:GNTX) and their average rating on the stock is 2.38, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gentex Corporation (NASDAQ:GNTX): The stock opened at $15.63 on Thursday but the bulls could not build on the opening and the stock topped out at $15.65 for the day. The stock traded down to $15.34 during the day, due to lack of any buying support eventually closed down at $15.45 with a loss of -0.55% for the day. The stock had closed at $15.54 on the previous day. The total traded volume was 2,840,612 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Bauer Fred, (Chairman of the Board & CEO) of Gentex Corp, had unloaded 351,700 shares at an average price of $16.45 in a transaction dated on June 7, 2016. The total value of the transaction was worth $5,785,465.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Companys business involves designing, developing, manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs, develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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