Guggenheim analyst Ali Faghri maintained a Buy rating on Gentex (NASDAQ:GNTX) on Thursday, setting a price target of $34, which is approximately 8.59% above the present share price of $31.31.
Faghri expects Gentex to post earnings per share (EPS) of $0.48 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Gentex, with an average price target of $33.96.
The analysts price targets range from a high of $38.75 to a low of $30.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $474.64 million and a net profit of $138.85 million. The company's market cap is $7.67 billion.
According to TipRanks.com, Guggenheim analyst Ali Faghri is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.0% and a 71.70% success rate.
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.