JPMorgan Chase & Co. Lowers Gentherm (NASDAQ:THRM) Price Target to $60.00

Gentherm (NASDAQ:THRM) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $63.00 to $60.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.05% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Robert W. Baird lifted their price target on Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.00.

Gentherm Trading Up 1.1 %

Shares of Gentherm stock opened at $50.40 on Monday. The company’s fifty day simple moving average is $54.33 and its 200-day simple moving average is $50.62. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 40.98 and a beta of 1.49. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. Gentherm has a 1 year low of $38.21 and a 1 year high of $66.54.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The firm had revenue of $366.93 million for the quarter, compared to the consensus estimate of $364.40 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Gentherm will post 2.81 EPS for the current year.

Insider Activity

In other news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $8,127,478.89. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its position in shares of Gentherm by 1.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,908 shares of the auto parts company’s stock valued at $1,134,000 after purchasing an additional 251 shares during the period. PNC Financial Services Group Inc. boosted its position in Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 276 shares during the last quarter. Eagle Ridge Investment Management boosted its position in Gentherm by 5.3% during the 3rd quarter. Eagle Ridge Investment Management now owns 6,272 shares of the auto parts company’s stock worth $340,000 after acquiring an additional 316 shares during the last quarter. Bridge City Capital LLC boosted its position in Gentherm by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock worth $3,233,000 after acquiring an additional 443 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Gentherm by 0.5% during the 3rd quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock worth $5,651,000 after acquiring an additional 469 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.