Gentherm Inc (NASDAQ:THRM) Receives Average Recommendation of “Moderate Buy” from Analysts

Gentherm Inc (NASDAQ:THRM) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $43.00.

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $42.00 price target on Gentherm in a report on Friday, October 24th. Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th.

Gentherm Trading Down 3.1%

NASDAQ:THRM opened at $36.87 on Monday. The firm has a 50-day simple moving average of $36.73 and a 200-day simple moving average of $35.24. Gentherm has a one year low of $22.75 and a one year high of $41.09. The firm has a market cap of $1.13 billion, a P/E ratio of 36.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. Gentherm’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Equities analysts anticipate that Gentherm will post 3.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently modified their holdings of THRM. Allworth Financial LP increased its holdings in shares of Gentherm by 1,609.1% during the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Gentherm by 16,716.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 1,003 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Gentherm by 295.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,019 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Gentherm by 455.8% in the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company’s stock worth $41,000 after buying an additional 1,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Gentherm by 168.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,201 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.