JPMorgan Chase & Co. Issues Positive Forecast for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM) had its target price lifted by research analysts at JPMorgan Chase & Co. from $37.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 19.96% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Argus raised Gentherm to a “hold” rating in a research note on Friday, February 27th. Stifel Nicolaus boosted their price objective on Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Loop Capital set a $38.00 price objective on Gentherm in a research note on Wednesday, February 25th. Finally, Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.40.

Gentherm Price Performance

THRM stock traded up $0.92 during trading on Thursday, hitting $31.68. The company had a trading volume of 65,816 shares, compared to its average volume of 258,160. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31. The company has a market cap of $971.50 million, a P/E ratio of 42.41 and a beta of 1.35. The company has a fifty day moving average price of $29.14 and a two-hundred day moving average price of $33.37. Gentherm has a fifty-two week low of $25.76 and a fifty-two week high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. The company had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The business’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts expect that Gentherm will post 2.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gentherm

Several large investors have recently made changes to their positions in THRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Gentherm by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock valued at $2,904,000 after acquiring an additional 5,824 shares during the period. Millennium Management LLC increased its holdings in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after purchasing an additional 75,170 shares during the last quarter. Jane Street Group LLC increased its holdings in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after purchasing an additional 67,150 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Gentherm by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company’s stock valued at $3,062,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Gentherm in the second quarter valued at about $526,000. Institutional investors and hedge funds 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.