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

Gentherm Inc (NASDAQ:THRM) has been given an average rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of brokerages have commented on THRM. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research report on Friday, October 24th. Roth Capital reissued a “buy” rating and set a $44.00 target price on shares of Gentherm in a research report on Friday, October 24th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th.

Institutional Investors Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THRM. Arrowstreet Capital Limited Partnership boosted its holdings 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 worth $18,501,000 after acquiring an additional 431,271 shares in the last quarter. Harvey Partners LLC boosted its stake in Gentherm by 72.6% in the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after purchasing an additional 431,072 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Gentherm by 46.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after purchasing an additional 317,246 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Gentherm by 23.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after purchasing an additional 211,300 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Gentherm by 42.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after purchasing an additional 190,432 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Down 0.4%

Gentherm stock opened at $36.99 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.13 billion, a P/E ratio of 36.99 and a beta of 1.38. The business has a fifty day moving average of $36.23 and a two-hundred day moving average of $34.06. Gentherm has a twelve month low of $22.75 and a twelve month high of $41.09.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $386.87 million for the quarter, compared to the consensus estimate of $374.75 million. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. On average, analysts forecast that Gentherm will post 3.1 earnings per share for the current fiscal year.

About Gentherm

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.