Robert W. Baird Forecasts Strong Price Appreciation for Gentherm (NASDAQ:THRM) Stock

Gentherm (NASDAQ:THRM) had its price target hoisted by equities research analysts at Robert W. Baird from $27.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target suggests a potential upside of 13.18% from the company’s previous close.

A number of other analysts have also issued reports on THRM. StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Gentherm Price Performance

Shares of Gentherm stock opened at $24.74 on Friday. Gentherm has a 12-month low of $22.75 and a 12-month high of $56.72. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $28.56 and a two-hundred day moving average price of $36.37. The stock has a market capitalization of $761.72 million, a P/E ratio of 11.95 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. During the same period last year, the business posted $0.62 EPS. Equities analysts expect that Gentherm will post 3.1 earnings per share for the current year.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in THRM. Barclays PLC grew its holdings in shares of Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after purchasing an additional 43,108 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Gentherm by 46.0% during the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock worth $3,158,000 after buying an additional 21,376 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after buying an additional 150,310 shares during the period. Amundi increased its holdings in Gentherm by 185.5% in the 4th quarter. Amundi now owns 15,143 shares of the auto parts company’s stock valued at $595,000 after buying an additional 9,839 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Gentherm by 16.8% in the 4th quarter. Invesco Ltd. now owns 238,975 shares of the auto parts company’s stock valued at $9,541,000 after buying an additional 34,353 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

About Gentherm

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.