Analyst Revises Gentex Corporation (NASDAQ:GNTX) Stock Target


Gentex Corporation (NASDAQ:GNTX) mean price target has been set at $17.060 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.300 in the near-term quarter and $1.180 for the ongoing fiscal. The market cap of Gentex Corporation was recorded at $4.63B after the stock closed at $16.025 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Gentex Corporation (NASDAQ:GNTX) has a P/E ratio of 14.568. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Gentex Corporation (NASDAQ:GNTX) PEG ratio sits at 1.250. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Gentex Corporation visibly illustrates that the 50-day MA of Gentex Corporation is $16.150, and stock is trading -0.125 or -0.774% distant from $16.150. The 200-day MA is $15.346, and this price is $0.679 or +4.425% off from current level. Gentex Corporation (NASDAQ:GNTX) 52-week high is $17.400 and the 52-week low is $12.930. This represents that if the stock moves $-1.375 points up on the chart to make a 52-week high. But, if it declines $+23.937%, then the shares price can hit a new 52-week low.

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