Analysts Set Gentherm Inc (NASDAQ:THRM) Price Target at $37.20

Gentherm Inc (NASDAQ:THRM) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.20.

Several equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Loop Capital set a $38.00 target price on Gentherm in a research report on Wednesday, February 25th. Argus upgraded Gentherm to a “hold” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Finally, Roth Mkm cut their price target on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 23rd.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently made changes to their positions in THRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 purchasing an additional 5,824 shares in the last quarter. Millennium Management LLC boosted its position in Gentherm by 93.4% during 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 in the last quarter. Jane Street Group LLC boosted its position in Gentherm by 389.2% during 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 in the last quarter. JPMorgan Chase & Co. boosted its position in Gentherm by 1.7% during 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 in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Gentherm during the second quarter valued at about $526,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

NASDAQ THRM opened at $30.44 on Wednesday. The company has a market cap of $933.59 million, a P/E ratio of 40.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The business’s 50 day moving average price is $29.41 and its 200-day moving average price is $33.55. Gentherm has a fifty-two week low of $25.47 and a fifty-two week high of $39.48.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.31. The firm had revenue of $393.71 million for the quarter, compared to the consensus estimate of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. Sell-side analysts predict that Gentherm will post 2.68 earnings per share for the current year.

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.