Gentherm Incorporated (NASDAQ:THRM) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Gentherm Incorporated (NASDAQ:THRMGet Rating) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $101.20.

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Gentherm in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 22nd. Finally, Robert W. Baird boosted their price target on shares of Gentherm from $94.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, January 7th.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Gentherm by 1.8% during the fourth quarter. BlackRock Inc. now owns 5,060,873 shares of the auto parts company’s stock valued at $439,790,000 after buying an additional 87,417 shares during the last quarter. Trigran Investments Inc. grew its holdings in shares of Gentherm by 6.5% during the third quarter. Trigran Investments Inc. now owns 1,304,120 shares of the auto parts company’s stock valued at $105,543,000 after buying an additional 79,510 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Gentherm by 1,844.6% during the fourth quarter. JPMorgan Chase & Co. now owns 903,014 shares of the auto parts company’s stock valued at $78,471,000 after buying an additional 856,576 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Gentherm by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 730,897 shares of the auto parts company’s stock valued at $59,151,000 after buying an additional 5,521 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Gentherm by 230.7% during the third quarter. Lord Abbett & CO. LLC now owns 707,071 shares of the auto parts company’s stock valued at $57,223,000 after buying an additional 493,232 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.

Shares of NASDAQ:THRM opened at $67.42 on Friday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 24.08 and a beta of 1.24. The company has a 50-day moving average price of $72.41 and a 200-day moving average price of $81.62. The company has a current ratio of 2.66, a quick ratio of 1.91 and a debt-to-equity ratio of 0.06. Gentherm has a 12 month low of $61.15 and a 12 month high of $99.00.

Gentherm (NASDAQ:THRMGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The auto parts company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.34 by $0.27. Gentherm had a net margin of 8.93% and a return on equity of 15.70%. The firm had revenue of $248.23 million during the quarter, compared to the consensus estimate of $241.34 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. As a group, research analysts forecast that Gentherm will post 2.82 EPS for the current fiscal year.

About Gentherm (Get Rating)

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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