Gentex (GNTX) Receives a Hold from J.P. Morgan
J.P. Morgan analyst Ryan Brinkman maintained a Hold rating on Gentex yesterday and set a price target of $29.00. The company’s shares closed yesterday at $23.72.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brinkman covers the Consumer Cyclical sector, focusing on stocks such as Gentex, BorgWarner, and Dana Incorporated. According to TipRanks, Brinkman has an average return of -3.9% and a 50.10% success rate on recommended stocks.
Currently, the analyst consensus on Gentex is a Hold with an average price target of $28.50, a 20.15% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a $27.00 price target.
Based on Gentex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $657.86 million and a net profit of $96.04 million. In comparison, last year the company earned a revenue of $572.93 million and had a net profit of $86.04 million
Read More on GNTX:
