Gentherm Inc (NASDAQ:THRM) Given Average Rating of “Hold” by Analysts

Shares of Gentherm Inc (NASDAQ:THRM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $37.40.

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. raised their target price on Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Loop Capital set a $38.00 target price on Gentherm in a research note on Wednesday, February 25th. Stifel Nicolaus raised their target price on Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Argus upgraded Gentherm to a “hold” rating in a research note on Friday, February 27th.

Institutional Investors Weigh In On Gentherm

A number of hedge funds have recently added to or reduced their stakes in THRM. Arrowstreet Capital Limited Partnership lifted its stake in Gentherm by 385.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock valued at $18,501,000 after buying an additional 431,271 shares during the last quarter. Harvey Partners LLC raised its stake in shares of Gentherm by 72.6% during the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock valued at $34,894,000 after purchasing an additional 431,072 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Gentherm during the fourth quarter valued at about $12,080,000. Segall Bryant & Hamill LLC raised its stake in shares of Gentherm by 46.7% during the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock valued at $33,962,000 after purchasing an additional 317,246 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Gentherm during the first quarter valued at about $6,213,000. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Performance

Shares of THRM opened at $34.69 on Friday. The business’s fifty day moving average price is $29.92 and its 200 day moving average price is $33.02. Gentherm has a 12-month low of $25.76 and a 12-month high of $39.48. The stock has a market capitalization of $1.06 billion, a PE ratio of 46.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.31. The company had revenue of $393.71 million for the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Equities research analysts forecast that Gentherm will post 2.74 EPS for the current year.

Gentherm Company Profile

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.