Gentex Corp (GNTX): Full Display Mirrors Add EPS Tailwind - Wells Fargo

September 9, 2016 7:55 AM EDT
Get Alerts GNTX Hot Sheet
Price: $21.00 -0.05%

Rating Summary:
    5 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wells Fargo analyst, Richard Kwas, reiterated his Outperform rating on shares of Gentex (NASDAQ: GNTX) after hosting a series of management/investor meetings. Near term, mgmt is comfortable with production trends. Longer term, the company should benefit nicely from full display mirror (FDM) launches (2018-19). The analyst estimates incremental EPS contribution could approximate $0.10 by 2019.

No change to the valuation range of $17.50 - 20.50 based on an earnings multiple of 13.5x-15.8x on 2017 EPS.

For an analyst ratings summary and ratings history on Gentex click here. For more ratings news on Gentex click here.

Shares of Gentex closed at $17.58 yesterday.

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