Gentherm (NASDAQ:THRM) Stock Rating Lowered by TheStreet

TheStreet lowered shares of Gentherm (NASDAQ:THRMGet Rating) from a b rating to a c+ rating in a research note published on Friday, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued research reports about the company. StockNews.com assumed coverage on Gentherm in a research note on Thursday, March 31st. They set a hold rating for the company. Zacks Investment Research upgraded Gentherm from a strong sell rating to a hold rating in a research note on Tuesday, May 10th. Finally, Roth Capital reaffirmed a buy rating on shares of Gentherm in a report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of $100.67.

NASDAQ THRM opened at $65.16 on Friday. Gentherm has a 52 week low of $60.89 and a 52 week high of $99.00. The company has a quick ratio of 1.75, a current ratio of 2.47 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $69.18 and its 200-day simple moving average is $79.60. The firm has a market cap of $2.16 billion, a PE ratio of 30.17 and a beta of 1.22.

Gentherm (NASDAQ:THRMGet Rating) last released its earnings results on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $267.70 million during the quarter, compared to analyst estimates of $254.31 million. Gentherm had a net margin of 7.05% and a return on equity of 12.20%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. Research analysts expect that Gentherm will post 2.61 EPS for the current year.

Several institutional investors have recently made changes to their positions in THRM. Ellevest Inc. raised its position in Gentherm by 3,314.3% during the fourth quarter. Ellevest Inc. now owns 717 shares of the auto parts company’s stock valued at $62,000 after buying an additional 696 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Gentherm during the 4th quarter worth about $65,000. Advisor Group Holdings Inc. boosted its stake in shares of Gentherm by 47.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 1,098 shares of the auto parts company’s stock worth $89,000 after acquiring an additional 355 shares in the last quarter. SG Americas Securities LLC boosted its stake in Gentherm by 29.0% during the 1st quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 361 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Gentherm by 22.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,695 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 99.08% of the company’s stock.

Gentherm Company Profile (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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